The Workers’ Social Security Management Agency (BPJS TK) will raise its investment in labor housing to 30 percent of its assets from the current 5 percent to help the government improve workers’ social welfare.
“Besides giving maximum benefits under the four compulsory programs, the BPJS TK has decided to allocate up to 30 percent of its assets or funds collected from program participants nationwide, to invest in the property-related sector, mainly housing projects, to provide more housing for workers in the future,” BPJS TK president of director Elvyn G. Masassya said here on Friday.
Elvyn was responding to President Joko “Jokowi” Widodo’s complaint on the agency’s minimal level of funding for pro-labor development projects.
Delivering his address at the opening ceremony of the national congress of Confederation of Indonesian Prosperous Labor Union (KSBSI) in Pondok Gede, East Jakarta, on Tuesday, the President said he would revise the law and relevant regulations on workers’ social security programs to enable the BPJS TK to invest 40 percent to 50 percent of its assets to finance labor housing in next few years.
Elvyn said the BPJS TK would provide more mortgage credits for workers registering with the agency and develop more affordable apartments and super-blocks in industrial estates to provide affordable houses and apartments for low-income workers.
“Only workers participating in the social security programs have their rights to get the mortgage credits, occupy rent flats or purchase affordable simple houses and flats,” he added.
The BPJS TK currently holds Rp 189.70 trillion in assets, mostly collected from workers and employers.(++++)