Indonesia's Employment Social Security Agency (BPJS Ketenagakerjaan) Investments Reach Rp553.5 Trillion in 2021

Investment funds managed by the Manpower Employment Social Security Agency (BPJS Ketenagakerjaan) reached Rp553.5 trillion in 2021.

This figure represents a 13.64% increase compared to the previous year's investment of Rp487.05 trillion. This achievement also exceeded the 2021 investment target of Rp542.4 trillion by more than 2%.

The majority of these funds, 63%, were invested in debt securities. A further 19% was placed in deposits, 11% in stocks, 6.5% in mutual funds, and the remaining 0.5% in direct investments.

Currently, there is no information regarding the amount of 2021 old-age security (JHT) funds. However, based on the 2020 proportion, where JHT investment funds comprised almost 70% of BP Jamsostek's total investments, the estimated JHT investment funds in 2021 reached approximately Rp387.45 trillion.

Over the past five years, BPJS Ketenagakerjaan's managed investment funds have shown significant growth. The 2021 investment realization increased by 111.89% compared to 2016, which stood at Rp261.22 trillion.

Edwin Ridwan, Director of Investment Development at BP Jamsostek, is optimistic that managed investment funds will increase by up to 10.6% by the end of 2022.

Previously, the Ministry of Manpower issued new regulations regarding the withdrawal of BPJS Ketenagakerjaan's Old-Age Security (JHT) funds. These regulations stipulate that JHT funds can only be withdrawn when employees reach the age of 56. This regulation has been met with rejection from a large segment of the workforce, who consider it detrimental to their interests.