The aims of the research are to analyze the effect of Profitability, Cost Efficiency and Assets Growth on Fund Adequacy Ratio of the Employer Pension Fund with Defined Benefit Pension Program. This research is quantitative research the causal approach uses secondary data and panel data regression analysis method. The research results prove that Return on Investment (ROI), Return on Assets (ROA) and Assets Growth have significant effect on the Fund Adequay Ratio of The Employer Pension Fund of Defined Benefit Program, but have not been able to prove that Cost Efficiency influences on the Fund Adequacy Ratio of The Employer Pension Fund of Defined Benefit Pension Program.