BPJS Employment's Investment Losses: How Much Did They Lose in Stocks?

Total investment funds of the Indonesian Manpower Employment Agency (BPJS Ketenagakerjaan) reached Rp 487.1 trillion in 2020. This figure increased by 12.7% compared to the previous year, which reached Rp 432 trillion.

These funds originated from each insurance program and BPJS Ketenagakerjaan itself. Specifically, investment funds from old-age security (JHT) reached Rp 340.8 trillion, a 9% increase from the previous year's Rp 312.6 trillion.

Furthermore, investment funds from pension insurance (JP) amounted to Rp 79.4 trillion, a 34% increase compared to 2019's Rp 58.9 trillion. Investment funds from work accident insurance (JKK) totaled Rp 40.6 trillion, a 13.9% increase from 2019's Rp 35.6 trillion.

Investment funds from death insurance (JK) amounted to Rp 14.7 trillion, a 12.3% increase compared to 2019's Rp 13 trillion. Meanwhile, BPJS Ketenagakerjaan's own investment funds decreased by 1.7% to Rp 11.7 trillion.

The return on these investments was recorded at Rp 32.3 trillion in 2020. This figure increased by 10.6% from the previous year's Rp 29.2 trillion. The company then targeted investment returns to reach Rp 33.4 trillion this year.

Nevertheless, the Indonesian Supreme Audit Agency (BPK) requested that BPJS Ketenagakerjaan divest some of its shares through a take-profit and cut-loss mechanism. This step aims to anticipate greater investment losses for the company.