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Jakarta Post

National scene: Jamsostek has new details on social security

  • The Jakarta Post

  /   Mon, January 28 2013   /  12:29 pm

JAKARTA: State-owned insurance company PT Jamsostek says it has submitted to the government draft regulations on the single provider for its universal occupational social security programs.

Jamsostek president director Elvyn G. Masassya said on Friday that the draft regulations, prepared by Jamsostek and including the advice of economists, insurance experts, employers and labor unions, were expected to be used as input by the government as it prepares to issue 11 government regulations and 10 presidential regulations on the implementation of the mandatory national social security program.

Elvyn said that Jamsostek used the Philippines’ social security system as its main reference in making the draft on pension schemes, benefits and the social security system since the Filipino system was similar to that mandated for Indonesia by Law No. 40/2004.

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