| Abstrak/Abstract |
In this paper we use a market-consistent approach to calculate present value of obligation of a ?companies’ post-employment benefit in accordance with PSAK-24 (the Indonesian accounting ?standard). We set some actuarial assumption such as Indonesian TMI 2011 mortality tables for ?mortality assumptions, accumulated salary function for wages assumption, a scaled (to mortality) ?disability assumption and a pre-defined turnover rate for termination assumption. For economic ?assumption, we use binomial tree method with estimated discount rate as its average movement. In ?accordance with PSAK-24, the Projected Unit Credit method has been adapted to determine the ?present value of obligation, so we use this method with a modification in its discount function. |
