Jamsostek determined to improve performance, service<\/p>\n
Ridwan Max Sijabat, The Jakarta Post, Jakarta<\/p>\n
State-owned social security insurance company PT Jamsostek marked
\nits 26th anniversary on Friday with a vow to improve its
\nperformance and services to workers.<\/p>\n
Jamsostek president Achmad Junaidi said his company was facing
\na daunting challenge to maintain the loyalty of more than 110,000
\ncompanies and their 22 million workers -- who had contributed to
\nits assets totaling Rp 24 trillion -- to lure more companies and
\nworkers to four social security programs and to manage its assets
\nto maximize client benefits.<\/p>\n
A large portion of its assets was generated under its pension
\nscheme. Its other social security programs are: health insurance,
\noccupational hazards and life insurance.<\/p>\n
Smarting from a number of mistakes and mismanagement in the
\npast, he said, Jamsostek had been striving to better its services
\nto workers, to be proactive in campaigning its social security
\nprograms to employers, workers and labor unions and to be more
\nconscientious in managing its assets.<\/p>\n
"To achieve these goals, Jamsostek is improving the quality of
\nits human resources and applying the principles of good corporate
\ngovernance in running the social security programs and in
\nmanaging the funds collected from employers and their workers,"
\nhe said on Friday after the company's 26th anniversary event
\nhere.<\/p>\n
He said Jamsostek had been carrying out a series of training
\nprograms to improve the quality of its human resources,
\nparticularly in view of improving client services, and a special
\nfinancial management program for its social security programs.<\/p>\n
Jamsostek was initially founded in 1977 as Perum Astek, and
\nbecame a limited company (PT) in 1992, under a government policy
\nthat changed all state companies from Perum, or public company,
\ninto limited enterprises.<\/p>\n
Jamsostek has been under fire since 1992 for paying annual
\ndividends to the government, and for serving as a source of funds
\nto government officials and Soeharto's ruling party, Golkar.<\/p>\n
Following Soeharto's downfall in May 1998 and the reform
\nmovement, many companies and their workers threatened to withdraw
\nfrom Jamsostek because of financial leakages and the company's
\nlack of transparency.<\/p>\n
Junaidi said Jamsostek had moved toward becoming a non-profit
\ntrust fund agency, which falls under direct supervision of the
\nPresident in line with amendment to Law No. 3\/1992 on social
\nsecurity programs.<\/p>\n
"We fully support Jamsostek's planned change of status into a
\nnot-for-profit institution. The new status will benefit workers,
\nbecause Jamsostek will no longer pay dividends nor taxes to the
\ngovernment and ... the government must make a contribution (to
\nJamsostek) to show its commitment to protecting workers."<\/p>\n
Since 2000, Jamsostek has retained 30 percent of its annual
\ndividends to the government, which funds were channeled toward
\nits professional development and skills improvement programs, and
\nbuilding low-cost apartments for workers and labor cooperatives.<\/p>\n
Junaidi, who was formerly Jamsostek finance director for two
\nfive-year terms, has predicted that 2004 would be a difficult
\nyear not only for investors, but also for the company, as a
\nresult of the general elections and their impact on the political
\nclimate.<\/p>\n
"We are skeptical that Jamsostek will be able to increase
\nmembership, because the April to October electoral period will
\ndisadvantage most investors and employers," he said.<\/p>\n
In regards Jamsostek's preparations in facing the upcoming
\nelections, Junaidi said the management had imposed a strict
\npolicy to remain independent.<\/p>\n
"We will no longer take sides with any particular political
\nparty. We will not support political parties, but the nation's
\nleader and the administration installed by a free, democratic and
\nfair electoral process."<\/p>\n
He conceded that many politicians and political parties had
\nbeen eying Jamsostek for campaign funds, but said that under the
\nnew management, Jamsostek would not support any electoral
\ncandidate.<\/p>\n
Social security program statistics:
\n-----------------------------------------------------------
\nYear companies workers Jamsostek's assets<\/p>\n
(in million Rp)
\n-----------------------------------------------------------<\/p>\n
1990 29,562 3,929,307 -
\n1991 33,536 4,468,984 -
\n1992 38,462 5,278,760 -
\n1993 47,302 6,504,210 -
\n1994 51,601 7,604,673 -
\n1995 60,049 9,171,090 -
\n1996 69,366 11,329,704 -
\n1997 77,772 13,388,056 -
\n1998 82,632 14,959,138 7,716,823
\n1999 87,703 16,424,128 10,275,323
\n2000 90,848 16,469,169 12,627,783
\n2001 100,005 20,007,254 16,536,666
\n2002 107,038 21,668,106 21,317,262
\n2003 110,726 22,454,361 24,022,017<\/p>\n
Source: PT Jamsostek<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/jamsostek-determined-to-improve-performance-service-1447893297", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }