34 Pension Funds In Troubled SOEs According To Erick Thohir

YOGYAKARTA - Minister of State-Owned Enterprises (BUMN) Erick Thohir said that there are 34 pension funds managed by BUMN which are predicted to have problems.

Erick said this was based on the findings of an internal team at his ministry.

"In fact, of the 48 pension funds managed by BUMN, 70 percent are sick, 34 can be declared unhealthy," said Erick in a press conference at the Attorney General's Office, Jakarta, Tuesday 3 October.

Problematic BUMN Pension Funds According to Erick Thohir

Based on this discovery, Erick followed up with the Attorney General's Office and the Financial and Development Supervisory Agency (BPKP). From the initial search results, it was found that 4 state-owned companies were suspected of being sick or having problems.

"That's why initially we implemented 4 pension funds, there was Inhutani, there was PTPN, there was Angkasa Pura 1, and of course also RNI or Id Food," he said.

He revealed that there were IDR 300 billion in alleged losses from those 4 problems. However, Erick guesses, this figure can still increase.

"It is also clear from the results of an audit with a specific aim that there is a state loss of IDR 300 billion and this has not been fully disclosed by the BPKP and the Prosecutor's Office. This means that this figure could be even greater," he said.

Based on this discovery, Attorney General Sanitiar Burhanuddin reported a commitment to participate in carrying out clean-up at BUMN. For Burhanuddin, the Directorate of Junior Attorney General for Special Crimes (Jampidsus) will investigate allegations that state-owned pension fund companies are having problems.

"This was just handed over today, of course it gives us the opportunity to study it. We can't just do this and this, we will definitely study it first," he said.

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