Judul: Dampak Faktor Ekonomi Makro Terhadap Sustainabilitas Jaminan Pensiun di Indonesia
Abstrak: Indonesian government through BPJS Employment has implemented pension social insurance starting from 2015 with a financial management system using the Pay As You Go (PAYG) technique. Due to demographic aging and macroeconomic factors, many countries in the world have started implementing pension reforms to maintain the sustainability of pension system. This paper will focus on these two factors which are life expectancy at birth as demographic aging factor, then GDP per capita, unemployment rate and emigration as macroeconomic factors. This study aims to analyze the adequacy of Indonesian pension benefit provided by using descriptive analysis and to analyze the impact of macroeconomic and demographic aging factors on pension sustainability in Indonesia by using Ordinary Least Square (OLS) panel data regression. It is found that the amount of pension benefit provided (adequacy) does not meet the adequacy standard recommended by the ILO Convention 102 minimum standard. GDP per capita has a positive impact on sustainability of Indonesia pension system where if it increases constantly, it will maintain the pension sustainability. The unemployment rate has a negative impact on pension sustainability, so that if the unemployment rate increases, the sustainability of the pension system will decrease. Therefore, in order to maintain the sustainability of pension system, it is necessary to constantly increase GDP per capita and decrease the percentage of unemployment rate.
Keyword: Adequacy, Demographic Ageing, Macroeconomic Factors, PAYG pension, Sustainability

Judul: Optimizing Normal Pension Fund Financing Using the Actuarial Valuations Method with Variation of Assumptions
Abstrak: Program Dana Pensiun merupakan suatu upaya untuk mengantisipasi risiko pada masa pensiun dengan memberikan manfaat bagi karyawan yang pensiun. Penelitian ini membahas penghitungan aktuaria untuk program pensiun manfaat pasti dengan menggunakan metode Unit Credit (UC), Projected Unit Credit (PUC), Entry Age Normal (EAN), dan Attained Age Normal (AAN). Tujuan penelitian ini adalah melakukan penghitungan aktuaria yang mencakup penghitungan iuran normal dan kewajiban aktuaria serta menentukan metode yang optimal bagi peserta dan perusahaan berdasarkan pada akumulasi nilai iuran normal dengan tiga asumsi. Asumsi pertama adalah kondisi Indonesia 2020 yaitu suku bunga 10,24% dan kenaikan gaji 2%, asumsi kedua adalah suku bunga 8,34% dan kenaikan gaji 2% serta asumsi ketiga adalah suku bunga 6,06% dan kenaikan gaji 3%. Berdasarkan pada hasil penghitungan untuk masing-masing asumsi, metode EAN adalah metode yang optimal bagi peserta sedangkan metode UC adalah metode yang optimal bagi perusahaan., The pension fund program is an attempt to anticipate risks in retirement period by providing benefit the retired employees. This research discusses actuarial calculations for defined benefit pension plans using the Unit Credit (UC), Projected Unit Credit (PUC), Entry Age Normal (EAN), and Attained Age Normal (AAN) methods. The research aims to perform actuarial calculation including the calculation of normal cost and actuarial liability, and to determine the optimal method for participants and companies based on the accumulation of normal cost with three assumptions. The first assumption is the condition of Indonesia in 2020 with an interest rate of 10,24% and a salary increase of 2%, the second assumption is an interest rate of 8,34% and a salary increase of 2% and the third assumption is an interest rate of 6,06% and a salary increase of 3%. Based on the calculations for each assumption, the EAN method is the optimal method for the participants while the UC method is the optimal method for the companies.
Keyword: Actuarial Cost Method, Attained Age Normal, Entry Age Normal, Projected Unit Credit, Unit Credit

Judul: Sintesis Flavonol melalui 2’-Hidroksikalkon
Abstrak: Flavonol is a class of flavonoids commonly found in fruits and vegetables. Flavonol is very useful, especially in food sector and health. In this study, flavonol unsubstituted was successfully synthesized from an intermediate material 2’-hydroxychalcone. The 2’-hydroxychalcone was synthesized by Claisen-Schmidt condensation method between o-hydroxyacetophenone and benzaldehyde using 4 different catalysts, namely KOH 60%, solid pellet of KOH-grinding technique, BF3-Et2O, and NaH in DMF. The KOH 60% was the best catalyst, giving the highest yield (57%). Afterward, the flavonol was synthesized in 1-stage oxidation cyclization of o-hydroxyacetophenone using Algar-Flynn-Oyamada (AFO) reaction, giving 76%. The flavonol total yield from 2’-hydroxychalcone was 43%. All synthesized products were characterized by their melting points and their spectra. The success of the synthesis flavonol opens the way to synthesis of useful flavonol derivatives such as quercetin and kaempferol
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