Management of Jamsostek<\/p>\n
From Kompas<\/p>\n
It is amazing that with virtually no capital to speak of at
\nits establishment three or four years ago, PT Jamsostek (the
\nstate-owned social security company) has collected funds
\namounting to Rp 5.3 trillion. Its profit in the same period is a
\nfantastic Rp 476 billion.<\/p>\n
Jamsostek has deposited Rp 2 trillion with government banks
\nearning interest of 14 percent p.a., while it has entrusted
\nanother Rp 1 trillion to Bank Tabungan Negara, also a state bank,
\naccording to Kompas, Dec. 5, 1997.<\/p>\n
PT Jamsostek's objective is the welfare of its members, its
\nfunds should therefore be managed by a cooperative or a
\nfoundation. I would prefer a cooperative so that cooperatives are
\ngiven a boost. Besides, the Ministry of Cooperatives can act as
\nadvisor.<\/p>\n
Jamsostek is a limited liability company. Such a company tends
\nto seek the greatest possible profit. Jamsostek having large
\nprofits is wrong because it means that compensation for its
\nmembers, in the form of allowances in cases of accident, for
\nhealth care, old age and death, is too small because most of the
\nprofit goes to the company.<\/p>\n
What is referred to as members' welfare is not adequately
\nfulfilled, especially if the company has a problem like now. In
\norder to determine an equitable amount for allowances, the
\ncompany should learn from advanced countries. Moreover, it should
\nrecruit honest and capable managers.<\/p>\n
W. HADI SOEWIRJO<\/p>\n
Pati, Central Java<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/management-of-jamsostek-1447893297", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }