Jakarta - Bank Rakyat Indonesia, the second-largest lender by assets, on Friday signed a memorandum of understanding with state pension company Jamsostek, to collaborate in delivering Jamsostek’s service through some of BRI’s outlets.
Jamsostek, which is owned by the government, recently introduced Jamsostek Service Point Office, which cooperates with a number of state lenders, including BRI.
Through the JSPO, customers can retrieve information on Jamsostek’s programs, register for membership or make claims regarding their pension funds.
The memorandum of understanding was signed by BRI president director Sofyan Basir and Jamsostek president director Elvyn G. Masassya.
Sigit Murtiyoso, senior vice president at BRI’s institutional relations division, said BRI aims to tap around 60 percent to 70 percent of Jamsostek’s members.
Citing Jamsostek data, he said there are now 11 million Jamsostek members, a figure expected to grow to 31 million when Jamsostek is transformed into the Social Security Organizing Body (BPJS) in January 2014.
BPJS will serve civil servants and salaried employees and provide health services to the general public.
BRI’s Sofyan said the cooperation follows on various partnerships already established between the two companies, such as premium payment services.
The lender also serves as a transactional bank for Jamsostek’s investment activities.
“BRI is the right choice to help support Jamsostek’s transformation into BPJS,” Sofyan said, adding that the lender’s vast networks of 9,084 outlets and 14,367 ATMs will help BPJS better serve its customers.