Government Will Return JHT Jamsostek to Initial Function, Layoff Victims Will Get JKP

Illustration The government plans to return the Old Age Security (JHT) back to its original function as an old-age savings account. (Source: Doc. BPJS)

JAKARTA, KOMPAS.TV – The government plans to return the Old Age Security (JHT) to its original function as an old-age savings account.

According to the Managing Director of BP Jamsostek Anggoro Eko Cahyo, there are two reasons behind the need for the JHT claim to be returned to its original function.

For workers, a high increase in JHT claims can reduce the accumulated savings of workers. Meanwhile, for BP Jamsostek as the organizer of Jamsostek, investment instruments are limited due to the short-term nature of the managed funds from participant contributions.

“So, the strategic issue of JHT is to return it to the initial scheme as savings for old age. Because we see, now those who claim JHT are still young, under 30 years old,” he said, as quoted from Kompas.id, Monday (4/10/2021).

For information, the plan is that workers who are terminated can no longer withdraw their JHT savings and will receive a Job Loss Guarantee (JKP) which will take effect in early 2022.

However, the government was asked not to rush to “exchange” JHT’s claim with JKP. Given that, JKP has not been proven effective in protecting workers affected by layoffs because it will only be implemented next year.

In addition, from a regulatory perspective, the program is also considered to be less inclusive in protecting all Jamsostek participants who have lost their jobs.

Also Read: Listen! How and Terms and Conditions for Claiming JHT BPJS Employment Online

Previously, this plan was put forward by the Ministry of Manpower in a working meeting with BP Jamsostek and Commission IX of the House of Representatives, last week.

See also  At least 20 Puerto Ricans on death row in the United States

In the forum, the Director General of Industrial Relations and Social Security (PHI-Jamsos) of the Ministry of Manpower, Indah Anggoro Putri, said that the JHT philosophy should be for workers’ retirement savings.

.

Leave a Comment