BPJS Employment's Investment Fund Reaches Rp607 Trillion: What is it Used For?

Economics & Macro

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Annissa Mutia 13/10/2022 13:10 WIB

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The assets under management of the Manpower Social Security Agency (BPJS Ketenagakerjaan) continue to increase. This is in line with the continuously growing number of participants.

BPJS Employment's Management Fund (As of October 7, 2022)

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BPJS Employment's Investment Fund Reaches Rp607 Trillion: What is it Used For?

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BPJS Employment's Management Fund (As of October 7, 2022)

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The assets under management of the Indonesian Manpower Social Security Agency (BPJS Ketenagakerjaan) continue to increase, in line with the growing number of participants.

Currently, BPJS Ketenagakerjaan's assets under management have reached Rp 607.13 trillion. This is up from Rp 522.39 trillion in September of last year, and Rp 487 trillion 18 months ago.

"Rp 607 trillion of this is 89 percent invested in government-related assets, with 65 percent in government securities," said Anggoro Eko Cahyo, the President Director of BPJS Ketenagakerjaan, in a press statement on the Presidential Secretariat's YouTube channel (October 7th).

On the other hand, the number of participants has increased to 35 million workers in the last 19 months. "We are targeting a twofold increase to 70 million within 5 years," Anggoro stated.

For information, today, Friday, October 7th, the Board of Directors and the Supervisory Board of BPJS Ketenagakerjaan reported on their performance over the 19 months since their inauguration by President Jokowi on February 22, 2021.

Furthermore, Anggoro also stated that BPJS Ketenagakerjaan has implemented digitalization of its services through Jamsostek Mobile to accelerate service delivery and improve participant satisfaction, in accordance with President Jokowi's directives.

(read: BPJS Ketenagakerjaan Investments Reach Rp 553.5 Trillion in 2021)

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."