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.author | Alfiana | |
dc.contributor.author | Simatupang, Ervina CM | |
dc.contributor.author | Asikin, Bachtiar | |
dc.contributor.author | Mulatsih, Listiana Sri | |
dc.date.accessioned | 2021-02-11T10:03:26Z | |
dc.date.available | 2021-02-11T10:03:26Z | |
dc.date.issued | 2019 | |
dc.description.abstract | This 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.issn | 1943-023X | |
dc.identifier.uri | http://repository.widyatama.ac.id/xmlui/handle/123456789/12386 | |
dc.language.iso | en | en_US |
dc.publisher | Journal of Advanced Research in Dynamical & Control Systems, Vol. 11, 03-Special Issue | en_US |
dc.subject | Investment | en_US |
dc.subject | Employer Pension Fund | en_US |
dc.subject | Defined Benefit Pension Plan | en_US |
dc.subject | Return on Investment | en_US |
dc.title | THE EFFECT OF INVESTMENT INSTRUMENT OF THE PENSION FUND TOWARD RETURN ON INVESTMENT OF DEFINED BENEFIT PENSION PLAN FROM EMPLOYER PENSION FUND IN INDONESIA | en_US |
dc.type | Article | en_US |
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