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"This study examines the policy analysis of the National Social Security System based on Law No.40 of 2004. Focus of this study is the formulation process of the National Social Security System so that the obstacles that are occurred during the formulation process can be identified. It is descriptive study that uses a qualitative research approach. This study is a descriptive study using a qualitative research approach. Interview, document and literature studies are used to collect the data.The results of this study can be concluded that there is no strong commitment of government during the formulation process of the National Social Security System. Because of that, the obstacles appear during the preparation process of Social Security Administering Body in adjusting the mandate of Law No. 40 of 2004. Not only that but designing the strategies are also required for the companies that will transformed into Social Security Administering Body in order to minimize the obstacles that occur during the preparation process of the National Social Security System."