How to Calculate PNS Taspen Money: Formula and Example of Calculation

Illustration (Taspen via Pixabay EkoAnung)

YOGYAKARTA - How to calculate the money for the PNS Taspen is important to be known by the civil servants who are approaching retirement. Many employees do not understand the official formula for calculating pension funds used by TASPEN. In fact, this information is very important for financial planning in old age.

The following will discuss how to calculate the money for the PNS Taspen, starting from the formula to the calculation example. In this way, PNS can estimate how much monthly pension funds will be received.

How to Calculate PNS Taspen Money

The way to calculate the money for the PNS Taspen has basically been regulated in official provisions that can be viewed directly on the Taspen page. The calculation includes the working period, the last basic salary, as well as additional allowances set by each agency.

TASPEN sets the basic formula for calculating pension funds based on work period and last salary. This calculation is the main standard applicable to all civil servants. The formula used is 2.5 percent x work period x last basic salary.

After the pension principal amount is obtained, the amount will still be added with allowances. The amount of allowances is determined by each agency, with a minimum range of 40 percent and a maximum of 75 percent of the last basic salary.

The calculation provisions have been adjusted with Presidential Decree Number 8 of 1988. This rule regulates the distribution and use of pension contributions that are deducted during the working period. On the basis of this law, the calculation of pension funds becomes clear and standardized.

In addition to direct retirees, TASPEN also provides benefits for heirs such as widows or widowers. The formula used is 36 percent x last basic salary + allowance.

The amount of widow or widower allowance is determined by the policy of the relevant agency. Each agency can adjust it based on budget capacity and internal provisions. However, in general, the nature of benefits still provides financial protection.

Example of Calculating PNS Taspen Money

For example, a civil servant of the Ministry of PUPR, grade IVb, has 20 years of work experience. His last basic salary is IDR 4,000,000. With these data, the official formula can be applied directly to calculate the pension fund.

The basic pension fund is calculated by the formula 2.5 percent x 20 x Rp4,000,000. The result is Rp2,000,000 per month as basic pension funds. This value does not include additional benefits from the institution.

The retiree is also entitled to receive a benefit of 40 percent of the last basic salary. The total pension money becomes Rp. 2,000,000 + Rp. 1,600,000. Thus, the final total received is Rp. 3,600,000 per month.

This is an explanation of how to calculate the money for the PNS Taspen. By understanding the provisions of the BUP and the calculation example above, employees can plan for a more mature financial future.