Photo: DPR RI Commission VI Working Meeting with Minister of SOEs of the Republic of Indonesia Erick Thohir. (Screenshot of Commission VI DPR RI Youtube Channel)
Jakarta, CNBC Indonesia – The Ministry of State-Owned Enterprises (BUMN) is keeping an eye on the condition of state-owned pension funds (dapen). This is because there are many problematic SOE pension funds. In fact, this condition is feared to become a default time bomb one or two years from now.
Meanwhile, one of the problems that has emerged and has been detected is the existence of a deficit in the adequacy of state-owned pension funds. Among other things, a deficit of sufficient or unfinded funds of IDR 9.8 trillion in 2021.
This was stated by the Minister of BUMN Erick Thohir. He also revealed that only 35% of BUMN pension funds are still healthy, the rest are ‘sick’.
“We see that the lights have started to turn yellow, don’t let it take six or seven months for issues to arise, even though this is an old case, and not a new hasus. We will focus on fixing this,” said Erick in a limited meeting with Commission VI of the DPR RI recently This.
Erick said the deficit in pension funds managed by state-owned companies totaled nearly Rp. 10 trillion, or Rp. 9.8 trillion to be more precise. “There is a deficit of IDR 9.8 trillion in 2021, and this is very large. It consists of the majority of BUMNs, of which 35 percent are healthy, and the rest are not healthy,” he continued.
According to Erick, the condition of BUMN pension funds is one of the biggest issues that becomes a burden that the ministry needs to resolve.
“We have been almost one year, don’t let the Jiwasraya-Asabri issue be careless in the BUMN pension funds themselves, because the law states that all pension funds are managed by each company’s pension funds, which in the end I fear this control and consolidation in the future day becomes a ticking time bomb,” said Erick.
Meanwhile, BUMN Deputy Minister II Kartika Wirjoatmodjo revealed that his party was conducting an investigation of BUMN pension funds. The man who is familiarly called Tiko said that his party was looking at potential investment losses in line with reports from customers, especially for SOEs which recorded a wealth ratio below 100%.
“We are now mapping how much is underfunded and what the program is like while we see if there are investment losses,” said Tiko
(RCI/dhf)
