THE EFFECT OF INVESTMENT INSTRUMENT OF THE PENSION FUND TOWARD RETURN ON INVESTMENT OF DEFINED BENEFIT PENSION PLAN FROM EMPLOYER PENSION FUND IN INDONESIA

dc.contributor.authorAlfiana
dc.contributor.authorSimatupang, Ervina CM
dc.contributor.authorAsikin, Bachtiar
dc.contributor.authorMulatsih, Listiana Sri
dc.date.accessioned2021-02-11T10:03:26Z
dc.date.available2021-02-11T10:03:26Z
dc.date.issued2019
dc.description.abstractThis study aims to find out the investment instruments that have effect on return on investment of the employer pension fund in a defined benefit of pension plan in Indonesia (defined benefit pension plan from employer pension fund). The data used are investment instruments that are permitted for industrial pension funds, return on investment as the secondary data taken from monthly pension fund statistics in the period 2015-2016, and a defined benefit pension plan from employer pension fund industry uses multiple regression with the type of research verification. The results show that deposit certificates and asset backed security have a positive effect on return on investment defined pension plan from employer fund retirement, while shares and mutual funds have a negative effect. This research is useful for those who manage defined benefit pension plan from employer pension fund to allocate funds for investment instrument that results high return on investment because the managers have responsibility for loss and inability to pay employee pension fund and for the financial service authority. This research is also useful to make policy changes about fund allocation limit that are allowed, and the investment instrument that can be used for defined benefit pension plan from employer retirement funds in order to get maximum profit.en_US
dc.identifier.issn1943-023X
dc.identifier.urihttp://repository.widyatama.ac.id/xmlui/handle/123456789/12386
dc.language.isoenen_US
dc.publisherJournal of Advanced Research in Dynamical & Control Systems, Vol. 11, 03-Special Issueen_US
dc.subjectInvestmenten_US
dc.subjectEmployer Pension Funden_US
dc.subjectDefined Benefit Pension Planen_US
dc.subjectReturn on Investmenten_US
dc.titleTHE EFFECT OF INVESTMENT INSTRUMENT OF THE PENSION FUND TOWARD RETURN ON INVESTMENT OF DEFINED BENEFIT PENSION PLAN FROM EMPLOYER PENSION FUND IN INDONESIAen_US
dc.typeArticleen_US
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