PPPK PETRA PENSION FUND

The PPPK Petra Pension Fund is the continuation of the Pension Fund Foundation (YDP) PPPK Petra, established under Deed Number 27 dated July 29, 1981, created by Nursetiani Budi, Bachelor of Law, based on the Decree of the Chief Judge of the Surabaya District Court Number 02/1981/P dated May 23, 1981, as a replacement for Sastra Kosasih, a Notary in Surabaya. Its establishment and funding have been approved by the Minister of Finance of the Republic of Indonesia through a letter from the Director General of Domestic Monetary Affairs, Number S-285/MK.11/1981, dated September 17, 1981.

The YDP PPPK Petra has been adjusted by following under Law Number 11 of 1992 concerning Pension Funds, with the Decision of the PPPK Petra Management Board Number 121-a/A/P/1993 dated March 11, 1993, regarding the Pension Fund Regulations of the PPPK Petra Pension Fund, which has been approved by the Minister of Finance of the Republic of Indonesia through Decision Number KEP-058/KM.17/1994 dated March 10, 1994, and announced in the State Gazette of the Republic of Indonesia Number 33 dated April 26, 1994, Supplement Number 16/DP. At that time, the PPPK Petra Pension Fund implemented Program Pensiun Manfaat Pasti (PPMP).

Throughout its journey, the Pension Fund Regulations of the PPPK Petra Pension Fund have undergone several changes, most recently amended by the Decision of the PPPK Petra Management Board Number 0042/A/P/II/2015 dated February 2, 2015, regarding the Pension Fund Regulations of the PPPK Petra Pension Fund, which has been approved by the Financial Services Authority through Decision Number KEP-500/NB.1/2015 dated April 13, 2015, and announced in the State Gazette of the Republic of Indonesia Number 42 dated May 25, 2015, Supplement Number 17/DP.

On August 20, 2017, the General Meeting of PPPK Petra Members decided to change the implementation of PPMP to Program Pensiun Iuran Pasti (PPIP), as stated in the Decision of the PPPK Petra Management Board Number 398/A/P/VIII/2018 dated August 31, 2018, regarding the Pension Fund Regulations of the PPPK Petra Pension Fund, which has been approved by the Dewan Komisioner Otoritas Jasa Keuangan through Decision Number KEP-21/NB.1/2019 dated May 17, 2019, and announced in the State Gazette of the Republic of Indonesia Number 49 dated June 18, 2019, Supplement Number 26/DP/2019.

The vision of the PPPK Petra Pension Fund is to become a healthy, professional, and independent Dana Pensiun Pemberi Kerja (DPPK) by implementing Pension Fund Governance principles to assure income sustainability in old age for Participants and/or Eligible Parties for Pension Benefits, which will create peace of mind, enhance work motivation, and generate loyalty in the workplace.

The mission of the PPPK Petra Pension Fund is to administer the Defined Contribution Pension Program (PPIP) by:

• We are carrying out the entrusted mandate with honesty and full responsibility.
• We are managing assets through investments in accordance with applicable laws and regulations and Pension Fund Investment Guidelines safely and cautiously while achieving optimal investment returns.
• We are providing a well-organized, orderly, and accurate administrative system.
• We are applying the principles of prayer and work (ora et labora).

The core values of PPPK Petra Pension Fund prioritize professionalism, integrity, and mutual respect, by following the principles of transparency, accountability, responsibility, independence, and equality.

The business strategies of PPPK Petra Pension Fund are as follows:

1. Optimization of Pension Contributions
   PPPK Petra Pension Fund encourages Employers to timely and accurately deposit pension contributions from Employers and Participants no later than the 15th (fifteenth) day of the following month to ensure adequate fund development.
2. Operational Cost Efficiency
   PPPK Petra Pension Fund prioritizes the determination of priority scales for operating costs to comply with the limits set in the Pension Fund Regulations.
3. Strategic Asset Allocation
   PPPK Petra Pension Fund allocates strategic assets to achieve optimal investment returns at acceptable risk levels, ranging from conservative to moderate.
4. Responsible Information Disclosure
   PPPK Petra Pension Fund supports responsible information disclosure by providing stakeholders with accurate, timely, and targeted information.

The composition of the Board of Trustees of PPPK Petra Pension Fund for the term of April 1, 2018, until April 1, 2023, by following PPPK Petra Board of Trustees Decision No. 095/A/P/III/2018 dated March 26, 2018, regarding the Appointment of Members of the PPPK Petra Pension Fund Board of Trustees, as amended by PPPK Petra Board of Trustees Decision No. 125/A/P/V/2019 dated May 31, 2019, regarding the Appointment of Members of the PPPK Petra Pension Fund Board of Trustees, is as follows:

Chairperson cum Member: Ariany Insjaftono, S.Si., M.Miss.
Secretary cum Member: Ir. Suwandi Tanudjaja
Treasurer cum Member: Dra. Dewi Setio

The composition of the Board of Supervisors of PPPK Petra Pension Fund for the term of May 17, 2019, until May 17, 2022, by following PPPK Petra Board of Trustees Decision No. 127/A/P/V/2019 dated May 31, 2019, regarding the Appointment of Members of the PPPK Petra Pension Fund Board of Supervisors, as partially amended by PPPK Petra Board of Trustees Decision No. 572/DP/SK/X/2021 dated October 1, 2021, appointing Ir. Widodo Adipranoto, as the Chairperson of the PPPK Petra Pension Fund Board of Supervisors, is as follows:

Employer Representative

Chairperson cum Member: Ir. Widodo Adipranoto
Member: Lim Arif Alfian Nour, S.E.

Participant Representative

Secretary cum Member: Dodo Aswinardono, S.E., M.Com. (Acct.)
Member: Dr. Sautma Ronni Basana Batubara, S.E., M.E., RFC, CFP, AEPP, CSA

As of December 31, 2020, the total number of Active Participants and Former Employees of the PPPK Petra Pension Fund amounted to 1,770 individuals, comprising 1,302 Active Participants and Former Employees from PPPK Petra and 468 Active Participants and Former Employees from YPTK Petra.

In accordance with Financial Services Authority Regulation No. 5/POJK.05/2017 regarding Contributions, Pension Benefits, and Other Benefits Provided by Pension Funds, as partially amended by Financial Services Authority Regulation No. 60/POJK.05/2020 regarding Amendments to Financial Services Authority Regulation No. 5/POJK.05/2017 regarding Contributions, Pension Benefits, and Other Benefits Provided by Pension Funds, the fund classification based on Participant Age categories is as follows: general (ages 18-55) amounting to 51.45% and special (ages above 55) amounting to 48.55%, with a total Pension Benefit Liabilities of Rp140,943,598,542.

Participants of the PPPK Petra Pension Fund can submit their opinions, suggestions, and proposals regarding investments through two methods:

1. Submitted to the representatives of Participants within the membership of the Supervisory Board, namely:
   • For Participants from PPPK Petra, to Mr. Dodo Aswinardono, S.E., M.Com. (Acct.)
   • For Participants from YPTK Petra, to Dr. Sautma Ronni Basana Batubara, S.E., M.E., RFC, CFP, AEPP, CSA
2. Submitted directly to the Management of the PPPK Petra Pension Fund via email: saran@danapensiun.pppkpetra.or.id

The Management of the PPPK Petra Pension Fund will provide responses to the submission of opinions, suggestions, and proposals regarding investments from Participants of the PPPK Petra Pension Fund.

The Founder and Supervisory Board of the PPPK Petra Pension Fund have set a target investment return of 8% per year based on the average investment portfolio. The investment returns at the end of 2019 were 12.90%, and at the end of 2020, they were 14.16%.

On October 7, 2021, the PPPK Petra Pension Fund received the ADPI Awards as the First Best Pension Fund for DPPK PPIP with Net Assets equal to or less than Rp500,000,000,000 (five hundred billion rupiah).