Employee Benefits Program Valuation with Multiple Decrement Model Based on PSAK 24 Post-COVID-19 Pandemic
In this article, we evaluate the post-labor compensation program based on PSAK-24 in the new normal era of the COVID-19 pandemic. In order to create a table multiple decrements based on a single table decrement namely, death, withdrawal, total permanent disability, and retirement. In the new normal...
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| Format: | Article |
| Language: | English |
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Universitas Muhammadiyah Mataram
2024-01-01
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| Series: | JTAM (Jurnal Teori dan Aplikasi Matematika) |
| Subjects: | |
| Online Access: | http://journal.ummat.ac.id/index.php/jtam/article/view/17417 |
| _version_ | 1797271458780545024 |
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| author | Wahyuni Ekasasmita Nur Rahmi M. Fauzan Iskandar |
| author_facet | Wahyuni Ekasasmita Nur Rahmi M. Fauzan Iskandar |
| author_sort | Wahyuni Ekasasmita |
| collection | DOAJ |
| description | In this article, we evaluate the post-labor compensation program based on PSAK-24 in the new normal era of the COVID-19 pandemic. In order to create a table multiple decrements based on a single table decrement namely, death, withdrawal, total permanent disability, and retirement. In the new normal era of the COVID-19 pandemic, the benefits of death, death caused by COVID-19, withdrawal, total permanent disability, and retirement were then aggregated. The method used in this study is a quantitative method with a case study approach of COVID-19. The data used is secondary data on the number of COVID-19 positive cases in Indonesia from January 2021 to December 2022. In this study, an actuarial model, the Multiple Decrement Model, was applied to calculate the valuation of the post-labor compensation program based on PSAK-24 using five decrements as the cause of claims consisting of death, death cause of COVID-19, withdrawal, total permanent disability and retirement. The calculation results that can be seen that large annual net premiums multiple decrement cases that provide benefits according to the cause of failure getting bigger as that person gets older. |
| first_indexed | 2024-03-07T14:03:59Z |
| format | Article |
| id | doaj.art-6e4afa5ea89d44adb1b31d303c84cbcd |
| institution | Directory Open Access Journal |
| issn | 2597-7512 2614-1175 |
| language | English |
| last_indexed | 2024-03-07T14:03:59Z |
| publishDate | 2024-01-01 |
| publisher | Universitas Muhammadiyah Mataram |
| record_format | Article |
| series | JTAM (Jurnal Teori dan Aplikasi Matematika) |
| spelling | doaj.art-6e4afa5ea89d44adb1b31d303c84cbcd2024-03-07T03:59:53ZengUniversitas Muhammadiyah MataramJTAM (Jurnal Teori dan Aplikasi Matematika)2597-75122614-11752024-01-018112313610.31764/jtam.v8i1.174178210Employee Benefits Program Valuation with Multiple Decrement Model Based on PSAK 24 Post-COVID-19 PandemicWahyuni Ekasasmita0Nur Rahmi1M. Fauzan Iskandar2Mathematics, Department of Science, Institut Teknologi Bacharuddin Jusuf HabibieMathematics, Department of Science, Institut Teknologi Bacharuddin Jusuf HabibieComputer Science, Department of Technology of Production and Industry, Institut Teknologi Bacharuddin Jusuf HabibieIn this article, we evaluate the post-labor compensation program based on PSAK-24 in the new normal era of the COVID-19 pandemic. In order to create a table multiple decrements based on a single table decrement namely, death, withdrawal, total permanent disability, and retirement. In the new normal era of the COVID-19 pandemic, the benefits of death, death caused by COVID-19, withdrawal, total permanent disability, and retirement were then aggregated. The method used in this study is a quantitative method with a case study approach of COVID-19. The data used is secondary data on the number of COVID-19 positive cases in Indonesia from January 2021 to December 2022. In this study, an actuarial model, the Multiple Decrement Model, was applied to calculate the valuation of the post-labor compensation program based on PSAK-24 using five decrements as the cause of claims consisting of death, death cause of COVID-19, withdrawal, total permanent disability and retirement. The calculation results that can be seen that large annual net premiums multiple decrement cases that provide benefits according to the cause of failure getting bigger as that person gets older.http://journal.ummat.ac.id/index.php/jtam/article/view/17417employee benefit programmultiple decrement modelpost covid-19. |
| spellingShingle | Wahyuni Ekasasmita Nur Rahmi M. Fauzan Iskandar Employee Benefits Program Valuation with Multiple Decrement Model Based on PSAK 24 Post-COVID-19 Pandemic JTAM (Jurnal Teori dan Aplikasi Matematika) employee benefit program multiple decrement model post covid-19. |
| title | Employee Benefits Program Valuation with Multiple Decrement Model Based on PSAK 24 Post-COVID-19 Pandemic |
| title_full | Employee Benefits Program Valuation with Multiple Decrement Model Based on PSAK 24 Post-COVID-19 Pandemic |
| title_fullStr | Employee Benefits Program Valuation with Multiple Decrement Model Based on PSAK 24 Post-COVID-19 Pandemic |
| title_full_unstemmed | Employee Benefits Program Valuation with Multiple Decrement Model Based on PSAK 24 Post-COVID-19 Pandemic |
| title_short | Employee Benefits Program Valuation with Multiple Decrement Model Based on PSAK 24 Post-COVID-19 Pandemic |
| title_sort | employee benefits program valuation with multiple decrement model based on psak 24 post covid 19 pandemic |
| topic | employee benefit program multiple decrement model post covid-19. |
| url | http://journal.ummat.ac.id/index.php/jtam/article/view/17417 |
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