Jiwasraya Pension Funds Dissolved, OJK Prepares Resolution Scheme

JAKARTA — The Financial Services Authority (OJK) has dissolved the Financial Institution Pension Fund (DPLK) and Employer Pension Fund (DPPK) of PT Asuransi Jiwasraya (Persero).

The Executive Head of OJK’s Insurance, Guarantee, and Pension Fund Supervision, Ogi Prastomiyono, stated that the settlement of participants’ rights will follow the applicable liquidation mechanisms.

“For the Jiwasraya DPPK, the settlement of pension fund assets will be carried out through the payment of participants’ pension benefits in accordance with the results of actuarial valuation and audited financial reports as of the effective date of dissolution,” said Ogi in a written response during the OJK Hearing Confirmation Meeting on Tuesday (17/3/2026).

Ogi explained that the dissolution was carried out because the founder of the pension fund has been dissolved. This provision refers to Article 183 of Law No. 4 of 2023 on the Development and Strengthening of the Financial Sector (UU P2SK).

“This decision is also part of the liquidation process of Asuransi Jiwasraya while ensuring that the pension fund settlement runs in accordance with applicable regulations,” he added.

OJK had previously issued dissolution decisions for both pension funds.

The decision for the DPLK is contained in Decree No. KEP-68/D.05/2025 dated 4 August 2025.

OJK has also appointed a liquidator to handle the settlement process for both pension funds.

This step is taken to ensure that the liquidation process runs transparently and in accordance with applicable provisions.