The Jakarta Post
The Workers Social Security Agency (BPJS Ketenagakerjaanan) expects the fund it manages to grow by 16 percent to Rp 367.8 trillion (US$ 26.8 billion) this year from Rp 317.26 trillion recorded in 2017.
BPJS Ketenagakerjaan president director Agus Susanto said in Jakarta recently that the agency would invite more companies to include their workers in its insurance programs so that more dues could be collected from the agency’s members this year.
“To expand the number of participants, we will promote the programs to workers and enforce existing law," said Agus as quoted by kontan.co.id.
Under presidential regulation No.109/2013, companies are required to include their employees as members of BPJS Ketenagakerjaan.
Agus said the agency expected to have 29.65 million active members from 700,000 companies by the end of this year, up from the current figure of 26.24 million active members from 488,000 companies.
The annual contribution of dues is expected to increase by approximately 24.3 percent to Rp 64.37 trillion in 2018, he added.
In addition to dues from its members, BPJS Ketenagakerjaan also sourced funds from the turnover of its investments, which were estimated to contribute Rp 32 trillion, a 20 percent increase, last year.
Last year, BPJS Ketenagakerjaan, previously known as Jamsostek, invested 58.70 percent of its funds in bonds and 19 percent in stocks. (roi/bbn)