Ordinary Unit Loans, and Projected Unit Loans

Abstract

In determining the benefits of pension funds, proper calculations are needed so as not to provide pension funds that are too little or too much. The importance of discussing the problems in pension funds is to understand the various problems that exist in determining pension funds. The purpose of making the resolution of the selected questions is so that they can be used as learning to solve problems regarding pension funds. The problems that exist are sought to be resolved using the Traditional Unit Credit (TUC) method and the Projected Unit Credit (PUC) method. The result obtained from the problem under discussion is that if the entered age changes, it means that it is only necessary to multiply the previously obtained normal cost by the difference from the age in the specified year with the entered age. For those who survive, the normal cost is IDR 33,125, if there are 92 participants who are still alive, the normal cost is IDR 3,047,490, if there are 96 participants who are still alive, the normal fee is IDR 3,180,000, and if all participants are still alive, the normal fee is IDR 3,312,510. It is hoped that the discussion of the selected questions can help readers understand how to solve problems in determining pension funds.