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A severance package is pay and benefits that employees may be entitled to receive when they leave employment at a company unwilfully. In addition to their remaining regular pay, it may include some of the following:
A traditional form of defined benefit plan is the final salary plan, under which the pension paid is equal to the number of years worked, multiplied by the member's salary at retirement, multiplied by a factor known as the accrual rate. The final accrued amount is available as a monthly pension or a lump sum, but usually monthly.
As part of the JKN, on 1 January 2014, PT Askes (Persero) was changed from a state-owned company into BPJS Kesehatan, a public agency, which becomes the provider of JKN. [3] [4] It is expected that the entire population will be covered in 2019. [5] [6] [7] In 2016, the BPJS program had a deficit of more than six trillion IDR.