SP 50/GKPB/OJK/III/2026

PRESS RELEASE

OJK REAFFIRMS STRENGTHENING OF THE NATIONAL PENSION SYSTEM AT THE OECD FINANCIAL MARKETS WEEK

Jakarta, 9 March 2026. Indonesia Financial Services Authority (OJK) reaffirmed its commitment to continue strengthening Indonesia’s national pension system to better align with international standards while ensuring optimal protection for participants and maintaining financial sector stability.

This was conveyed by Ogi Prastomiyono, Chief Executive of Insurance, Guarantee, and Pension Fund Supervision at OJK, during the OECD Financial Markets Week, which took place from 2–5 March 2026 at the headquarters of the Organisation for Economic Co-operation and Development (OECD) in Paris, France.

Ogi Prastomiyono led the Indonesian delegation consisting of representatives from OJK and the Ministry of Finance of the Republic of Indonesia to participate in various strategic forums discussing developments in global financial sector policies.

Indonesia’s participation in the forum forms part of the country’s accession process to become a member of the OECD. Indonesia currently holds accession country status and is the first country in Southeast Asia to obtain this status.

Indonesia’s active engagement in various OECD forums represents an important component in supporting the assessment process and policy dialogue with OECD member countries.

As part of the accession process, on Wednesday (4/3), Ogi delivered a self-evaluation presentation on two OECD legal instruments related to the pension sector—Core Principles of Private Pension Regulation and Good Design of Defined Contribution Pension Plans—before delegations from OECD member countries.

In his presentation, Ogi elaborated on several aspects of Indonesia’s national pension system, including the structure of the pension fund industry in Indonesia, the regulatory and supervisory framework, the implementation of governance and risk management, and the adoption of risk-based supervision to support industry stability and participant protection.

Indonesia also objectively identified several areas requiring further strengthening relative to OECD standards, including the development of life-cycle-based investment strategies, the improvement of pension benefit design to encourage periodic payments as retirement income, and the expansion of pension program coverage.

“OJK continues to encourage the strengthening of the national pension system to align more closely with international best practices. This step is important to ensure the sustainability of pension benefits for the public while strengthening the resilience of the national financial sector,” said Ogi.

In addition to attending the OECD forum, OJK also participated in the meeting of the International Organisation of Pension Supervisors (IOPS), where OJK currently serves as a member of the Executive Committee. The series of meetings also included a joint session between IOPS and the OECD Working Party on Insurance and Pensions (WPIP), which discussed various global policy issues and supervisory practices in the pension sector.

Delegations from OECD member countries welcomed Indonesia’s presentation and appreciated the open approach taken in identifying both the strengths and areas for improvement within Indonesia’s national pension system.

Feedback from the OECD will serve as an important reference for refining policies and strengthening the national pension system going forward, while also supporting the next stages of Indonesia’s accession process to become an OECD member.

OJK’s participation in the international forum also reflects its commitment to continuously enhance the quality of regulation and supervision in Indonesia’s financial services sector in line with global standards. These efforts are expected to strengthen the resilience of the national financial system, increase investor confidence, and support sustainable economic development.

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For further information:

Head of the Department of Financial Literacy, Inclusion, and Communication

M. Ismail Riyadi

Tel: +62 21 2960 0000

Email: humas@ojk.go.id