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Jakarta Post

Ex-bankers lead Indonesia'€™s biggest pension fund

President Joko "Jokowi" Widodo inaugurates new directors and supervisors of social security agencies at the State Palace in Jakarta on Feb

Ayomi Amindoni (The Jakarta Post)
Jakarta
Wed, February 24, 2016 Published on Feb. 24, 2016 Published on 2016-02-24T17:32:43+07:00

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President Joko "Jokowi" Widodo inaugurates new directors and supervisors of social security agencies at the State Palace in Jakarta on Feb. 25. (Kompas/Indra Akuntono) President Joko "Jokowi" Widodo inaugurates new directors and supervisors of social security agencies at the State Palace in Jakarta on Feb. 25. (Kompas/Indra Akuntono) (Kompas/Indra Akuntono)

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span class="caption">President Joko "Jokowi" Widodo inaugurates new directors and supervisors of social security agencies at the State Palace in Jakarta on Feb. 25. (Kompas/Indra Akuntono)

Former bankers and politicians are among other professionals on the board of directors and supervisory body of two social security agencies inaugurated by President Joko "Jokowi" Widodo on Tuesday.

Agus Susanto, a former banker with CIMB, helms the Workers Social Security Agency (BPJS Ketenagakerjaan) accompanied by two other ex-bankers, Amran Nasution (former corporate banking & treasury director at Indonesia'€™s largest Islamic lender Bank Syariah Mandiri) and Evi Afiatin (former risk management director at Indonesia'€™s first Islamic lender Bank Muamalat).

Agus, who previously served at CIMB as senior vice president, said the new board of directors would first consolidate the existing team at BPJS Ketenagakerjaan to effectively run the biggest pension fund in Indonesia.

"We will continue the existing good programs. We will also accelerate programs that need to be reformed to give the workers maximum benefits," Agus said during the inauguration in Jakarta on Tuesday.

BPJS Ketenagakerjaan manages an employee social security fund worth Rp209 trillion (US$15.5 billion), making it the biggest fund in the country.

Among the new board, Enda Ilyas Lubis, who used to head BPJS in East Java, is the only internal figure. The other directors are M Krishna Syarif (ex-finance director of state-owned tin producer Timah), Naufal Mahfudz (human resources and technology director at the Antara news agency), and Sumarjono.

As for the supervisory body, Jokowi appointed Guntur Witjaksono as chairman, representing the government, along with Syafri Adnan Baharuddin, who was formerly an auditor at the Supreme Audit Agency (BPK).

The other supervisors are Golkar Party politician Poempida Hidayatulloh to represent the general public as well as Rekson Silaban and Eko Darwanto to represent workers. The latter two are close to National Awakening Party (PKB) politician Hanif Dakhiri, according to Confederation of Indonesian Workers' Union (KSPI) chairman Said Iqbal.

Meanwhile, M Aditya Warman (formerly head of corporate industrial relations at Astra) and businessman Inda D. Hasman sit on the supervisory board to represent employers.

On the same day, Jokowi inaugurated Fachmi Idris as president director of the Health Care and Social Security Agency (BPJS Kesehatan). The senior Golkar politician will be assisted by BPJS Kesehatan internal figures Kemal Imam Santoso, Maya Amiarny Rusady, Andayani Budi Lestari and Mira Anggraini. Fachmi stated three priorities for his leadership of the agency, namely improving services, achieving financial sustainability and supporting the so-called mental revolution.

"For example, increasing the level of satisfaction of our participants. As of today we have achieved a satisfaction rating of 79 percent, and we are eying 85 percent by 2019. The organization'€™s values should be in line with the spirit of mental revolution," he said.

Former Hasan Sadikin General Hospital executive director Bayu Wahyudi is also on the board of directors, along with Wahyuddin Bagenda (former state-owned electronic component makers PT LEN) and Mundiharno.

The supervisory body of BPJS Kesehatan consists of two government representatives, namely Chairul Radjab Nasution as chairman and Sri Hartati, two workers'€™ representatives (Michael Johannis Latuwael and Roni Febrianto), two employers'€™ representatives (Misbahul Munir and La Tunreng) and a public figure, Karun. (ags)(+)

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