Jakarta, CNN Indonesia –
Investment Development Director BPJS of Employment Edwin Michael Ridwan Anggoro admitted there were many bank who refuse to accept placement storage area from them. The reason is that the banks are having excess liquidity.
Edwin explained that even if there are banks that accept, the deposit interest rate will only be around 3 percent-3.25 percent. This is in line with Bank Indonesia’s low benchmark interest rate, which is 3.5 percent.
“If we place them in deposits, because of excess bank liquidity, many banks will reject our deposits. If there are banks, they want to give low interest,” said Edwin in a joint working meeting with Commission IX of the House of Representatives, Tuesday (30/3).
Currently, Edwin explained that BPJS Ketenagakerjaan only places funds in deposits amounting to 12 percent of the total managed funds of around IDR 489.89 trillion. Meanwhile, most of the funds under management were still placed in bonds, namely 65 percent.
“For 14 percent shares, mutual funds, mostly in stocks 8 percent, property 0.4 percent, and 0.1 percent direct investment,” explained Edwin.
From the investment placement, Edwin projects a 6 percent yield on investment (YOI) from deposits.
Then, bonds 7.8 percent, shares 4.5 percent, mutual funds 1.2 percent, property 4.4 percent, and direct investments 1.1 percent.
Meanwhile, BPJS Ketenagakerjaan recorded a floating loss of IDR 23 trillion on investments made in stocks and mutual funds.
This happened because the Composite Stock Price Index (IHSG) fluctuated during the Covid-19 pandemic.
“When we invested in time horizon stocks, it was not for one to two years, but in theory 10 to 15 years. This means that there is a floating loss of one year to two years, which is natural because market conditions are not conducive due to Covid-19,” added Edwin. .
He ensured that BPJS Ketenagakerjaan could still pay participant claims even though there was a loss from investment.
Edwin gave an example that the funds in time deposits are currently amounting to Rp. 70 trillion.
The funds are claimed to be sufficient to pay claims for two years. This is because the claims last year were recorded at only Rp36 trillion.
“There may be concerns in the community that BPJS Ketenagakerjaan due to floating loss does not have enough funds to pay claims. We are flooded with liquidity because for one year claims in 2020, it is Rp36 trillion,” said Edwin.
(aud / bir)
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