Erick Thohir works with Corruption Eradication Committee to clean up problematic pension funds, JAKARTA — Minister of Public Enterprises (BUMN) Eric Thohir will hold a meeting with the Corruption Eradication Commission (KPK) to clean up pension funds BUMN. As we know, 65% of public company pension funds are in a precarious state.

Erick said his party would soon hold a meeting with KPK Chairman Firli Bahuri to conduct an audit inquiry on pension fund companies. BUMN which is in poor condition.

“The plan is that next week me and the chairman of the Corruption Eradication Committee meet to discuss this issue of the pension fund. So far we have recorded that 35% are in good condition and 65 % are affected. I want to clean this up,” Erick said at a press conference on Monday (02/01/2023).

As for the details of the 65% of pension funds that are in trouble, Erick cannot provide details as he is currently still in the due diligence process and is expected to be completed by the end of January 2023.

“We want to improve conditions for public pension funds. Don’t let Nani just move books, BUMN companies are healthy but when they move books their assets are sold,” Erick said.

Please note that before Erick reports the results of benchmarking studies with SOEs in Singapore and Canada, one thing that needs improvement in SOEs is pension funds.

“Improvement of public pension funds, concern don’t let this happen again like the opening of the Jiwasraya and Asabri cases, in the state pension fund, if it’s not put away,” he explained during a working meeting at the Commission VI of the DPR.

He pointed out that each BUMN is allowed to have its own pension fund.

“We are fixing it so that retired BUMN employees will become a problem in the future, don’t let the BUMN assets that were there disappear and are not maximized,” he explained.

For information, currently each public company manages its own pension fund and is managed by retirees. Erick stressed that he wanted to be sure that these retirees would exercise professional management. This way, the Jiwasraya and Asabri cases related to misappropriation of investment assets will not happen again.

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Zera Carpenter

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