{
    "success": true,
    "data": {
        "id": 1847552,
        "msgid": "taspen-posts-rp1-04-trillion-profit-in-2025-despite-leaky-social-security-programme-1783500667",
        "date": "2026-07-08 13:55:37",
        "title": "Taspen Posts Rp1.04 Trillion Profit in 2025 Despite 'Leaky' Social Security Programme",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Economy",
        "summary": "Indonesian state-owned pension fund Taspen reported a net profit of Rp1.04 trillion for 2025, a decline from Rp1.24 trillion the previous year. The company's investment returns helped offset a claims ratio exceeding 100% for its Old-Age Savings (THT) programme, which its CEO described as 'leaky'. Total assets under management grew across both its social security and pension programmes.",
        "content": "<p>PT Taspen (Persero) recorded a net profit of Rp1.04 trillion in 2025,\ndown from Rp1.24 trillion in 2024. The state-owned enterprise\u2019s revenue\ncomprised Rp7.736 trillion in contributions and premiums, Rp9.872\ntrillion in investment income, and Rp1.863 trillion in other income. The\n2025 profit achievement equated to 123.84% of the set target.<\/p>\n<p>Profit from managing the Old-Age Savings (THT), Work Accident\nInsurance (JKK), and Death Insurance (JKM) programmes reached Rp1.04\ntrillion, lower than the Rp1.24 trillion recorded in 2024. The claims\nratio for the THT programme rose to 264% in 2025, up from 256% the\nprevious year. For JKK, the claims ratio increased to 28% from 20% in\n2024 and 21% in 2023. Meanwhile, the JKM claims ratio continued to\ndecline, reaching 64% in 2025 compared to 69% in 2024 and 84% in\n2023.<\/p>\n<p>\u2018This means for every 100 rupiah in premiums received by Taspen, we\npay out 264. So there is\u2026 what the Betawi people call a leak. But how to\npatch it? We patch it with investment returns,\u2019 said Taspen President\nDirector Rony Hanityo Aprianto at the House of Representatives building\nin Jakarta on Wednesday (8\/7\/2026).<\/p>\n<p>The investment yield on investment (YOI) showed a positive trend,\nrising from 7.29% in 2023 to 7.66% in 2024 and further to 8.21% in 2025.\nTotal assets for the THT, JKK, and JKM programmes increased to Rp156.79\ntrillion in 2025 from Rp149.55 trillion in 2024, recording a compound\nannual growth rate (CAGR) of 2.91%.<\/p>\n<p>For the management of the Pension Contribution Accumulation Fund\n(AIP), performance also grew significantly. Asset values rose from\nRp250.68 trillion in 2024 to Rp286.24 trillion in 2025, with a CAGR of\n11.49%. The AIP investment yield improved from 7.28% in 2024 to 7.38% in\n2025.<\/p>\n<p>The investment portfolio for the THT, JKK, and JKM programmes was\npredominantly placed in Government Securities (SBN) at Rp56.35 trillion\nor 47.84% of the total portfolio, followed by deposits at 18.63%\n(Rp21.94 trillion) and mutual funds at 10.79% (Rp12.71 trillion). Other\nallocations included bonds, sukuk, medium-term notes, and asset-backed\nsecurities at 9.56% (Rp11.26 trillion), shares at 6.90% (Rp8.13\ntrillion), and other direct investments at 6.28% (Rp7.40 trillion).<\/p>\n<p>For the THT programme specifically, the investment composition\nconsisted of SBN at 48.46% (Rp55.27 trillion), deposits at 17.11%\n(Rp19.52 trillion), mutual funds at 11.14% (Rp12.71 trillion), bonds,\nsukuk, MTN, and EBA at 9.68% (Rp11.05 trillion), shares at 7.12% (Rp8.13\ntrillion), and other direct investments at 6.49% (Rp7.40 trillion). The\nAIP fund portfolio was dominated by SBN at 71.62% (Rp193.37 trillion),\nfollowed by deposits at 16.27% (Rp43.91 trillion), bonds, sukuk, MTN,\nand EBA at 4.72% (Rp12.74 trillion), mutual funds at 4.06% (Rp10.16\ntrillion), shares at 2.99% (Rp8.08 trillion), and direct investments at\n0.34% (Rp0.93 trillion).<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/taspen-posts-rp1-04-trillion-profit-in-2025-despite-leaky-social-security-programme-1783500667",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}