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Jamsostek build Affordable Housing for Workers16 Mei 2013
“This cooperation will meet demand for suitable houses for workers and their families,” he said.
Jeffry said the insurance company is in talks with provincial governments in Central and West Java to provide land for the houses and apartments.
“Other regional governments are welcome as well,” Jeffry said.
The insurance company already has a program that offers home loans to Indonesian workers. Last year, it disbursed Rp 800 billion to more than 87,000 workers covered by Jamsostek for home loan down payments.
Besides the house and apartment projects, Jamsostek is also involved in a workers’ hospital in Cakung, East Jakarta. The hospital is being built in conjunction with state-owned industrial developer Kawasan Berikat Nusantara and Asuransi Kesehatan (Askes) at a cost of Rp 110 billion.
Jamsostek provided pension, health, accident and life insurance for 11.5 million workers in Indonesia last year. That is just over a tenth of Indonesia’s 110 million workers, according to the latest data from the Central Statistics Agency (BPS).
The company is aiming to reach 13 million workers this year, according to its website. Jamsostek collects up to 6 percent of workers’ wages in premiums and invests the funds in stocks, bank deposits and bonds, among other vehicles. The company hopes to grow its pool of total assets under management to Rp 149 trillion this year, up 12 percent from Rp 133 trillion last year.
Jamsostek puts at least 46 percent of its funds in bonds, 28 percent in bank deposits, 18 percent in stocks, 6 percent in mutual funds and the rest in property. Jamsostek has booked Rp 4.7 trillion in investment yields during the first quarter this year on the back of its portfolio’s strong performance in the stock market. That result constitutes 32 percent of the company’s target of Rp 14.6 trillion for this year, Jeffry said.
According to a 2011 law, Jamsostek will be transformed into a social security program known as the Social Security Organizing Body (BPJS) Workers Unit by Jan. 1, 2014.
source: the jakarta globe
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