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Dismissed workers can withdraw JHT funds instantly
Only workers who are dismissed and can no longer work with other employers, will be allowed withdraw their deposits from the old-age risk scheme, says president director of Workersâ Social Security Management Agency (BPJS TK) Elvyn G
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O
nly workers who are dismissed and can no longer work with other employers, will be allowed withdraw their deposits from the old-age risk scheme, says president director of Workers' Social Security Management Agency (BPJS TK) Elvyn G. Masassya.
The revision to the pension policy was agreed upon in a meeting between Vice President Jusuf Kalla and Manpower Ministers Hanif Dhakiri and Elvyn at the vice presidential office in Jakarta on Friday evening. The meeting was conducted in accordance with the government's review of Government Regulation No. 46/2015 on withdrawal of JHT funds.
'Workers will be allowed to withdraw their JHT funds a month after their dismissal and only those who can no longer work in other places are allowed to withdraw their JHT funds,' Masassya told The Jakarta Post on Saturday.
The new regulation, which requires workers to contribute 10 years of participation in the program or reach 56 years of age before they being allowed to withdraw JHT benefits, has met with strong opposition from workers who have demanded that the government revoke the regulation.
He said that the early withdrawal of JHT funds was an exception for workers who were dismissed or had resigned and were unable to find additional work.
He added this new policy was better than the previous regulation that allowed dismissed workers to withdraw their JHT funds after only five years of employment and participation in the program.
Hanif said that his side would immediately reconsider the new regulation.
Bambang Purwoko, a social security expert at Pancasila University, regretted the pressure placed upon the vice president to revise the new regulation, and said that the main stakeholders in social security programs were workers. He added that before the regulation was revised, workers should be given a chance to present their commonly held views on the issue.(++++)
