JAKARTA. The Workers Social Security Management Agency (BPJS TK), which manages Rp 187 trillion (US$14.9 billion) worth of social security funds collected from employers and workers, gained Rp 18.1 trillion in investment returns in 2014. “The returns from investment, mostly placed in portfolios such as bank deposits, bonds, capital markets, property and capital participation in state-owned enterprises, grew by 25.33 percent to Rp 18.1 trillion from Rp 14.8 trillion in 2013,” BPJS director of investment Jeffry Manullang said on Thursday night. He declined to describe the investment results as profit, as BPJS TK, which provides insurance in the form of death benefits, occupational accident benefits and old-age risk benefits for workers, has been a non-profit organization or trust fund since Jan. 1, 2014.
BPJS TK gains Rp 18.1t from investment
JAKARTA. The Workers Social Security Management Agency (BPJS TK), which manages Rp 187 trillion (US$14.9 billion) worth of social security funds collected from employers and workers, gained Rp 18.1 trillion in investment returns in 2014. “The returns from investment, mostly placed in portfolios such as bank deposits, bonds, capital markets, property and capital participation in state-owned enterprises, grew by 25.33 percent to Rp 18.1 trillion from Rp 14.8 trillion in 2013,” BPJS director of investment Jeffry Manullang said on Thursday night. He declined to describe the investment results as profit, as BPJS TK, which provides insurance in the form of death benefits, occupational accident benefits and old-age risk benefits for workers, has been a non-profit organization or trust fund since Jan. 1, 2014.