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Optimalisasi Pengelolaan Dana Pensiun PT.Telkom Tbk Melalui Penerapan Strategi Dinamis Optimal Yen – Hsu Ku

Optimalisasi Pengelolaan Dana Pensiun PT.Telkom Tbk Melalui Penerapan Strategi Dinamis Optimal Yen – Hsu Ku
Sulaeman Rahman
Universitas Padjadjaran, Jurnal Bisnis dan Manajemen, Vol. V, No. 1, 2006
Bahasa Indonesia, Bahasa Inggris
Universitas Padjadjaran, Jurnal Bisnis dan Manajemen, Vol. V, No. 1, 2006
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Pension fund manager generally employs approaches that mostly do not incorporate liability framework, which actually provides the whole perspectives of pension fund function. This paper elaborates the Optimum Dynamic Pension Fund Management Strategy developed by Yen and Hsu Ku. (2003) using 3-year pension fund data of PT. Telkom Tbk. The strategy, which incorporates liability framework dynamically, provides comprehensive and adequate performance measurement of pension fund management. The findings reveal that the intertemporal time varying Yen-&-Hsu-Ku model results in return that is 2% higher than that of the current conventional strategy.

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