Employee Benefits Program Valuation with Multiple Decrement Model Based on PSAK 24 Post-COVID-19 Pandemic

Authors

  • Wahyuni Ekasasmita Mathematics, Department of Science, Institut Teknologi Bacharuddin Jusuf Habibie
  • Nur Rahmi Mathematics, Department of Science, Institut Teknologi Bacharuddin Jusuf Habibie
  • M. Fauzan Iskandar Computer Science, Department of Technology of Production and Industry, Institut Teknologi Bacharuddin Jusuf Habibie

DOI:

https://doi.org/10.31764/jtam.v8i1.17417

Keywords:

Employee Benefit Program, Multiple Decrement Model, Post COVID-19.

Abstract

In this article, we evaluate the post-labor compensation program based on PSAK-24 in the new normal era of the COVID-19 pandemic. In order to create a table multiple decrements based on a single table decrement namely, death, withdrawal, total permanent disability, and retirement. In the new normal era of the COVID-19 pandemic, the benefits of death, death caused by COVID-19, withdrawal, total permanent disability, and retirement were then aggregated. The method used in this study is a quantitative method with a case study approach of COVID-19. The data used is secondary data on the number of COVID-19 positive cases in Indonesia from January 2021 to December 2022. In this study, an actuarial model, the Multiple Decrement Model, was applied to calculate the valuation of the post-labor compensation program based on PSAK-24 using five decrements as the cause of claims consisting of death, death cause of COVID-19, withdrawal, total permanent disability and retirement. The calculation results that can be seen that large annual net premiums multiple decrement cases that provide benefits according to the cause of failure getting bigger as that person gets older.

 

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Published

2024-01-19

Issue

Vol. 8 No. 1 (2024): January

Section

Articles

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