The Ironion Of Retirement Becomes A Burden, In OJK It Is Even An Excessive Pay Rp39 Billion

The OJK Board of Commissioners during a working meeting with the DPR (Photo: YouTube screenshot of Commission XI)

JAKARTA - The Financial Services Authority (OJK) reported an overpayment of a post-employment fee of IDR 39.2 billion for the 2021 fiscal year.

Deputy Chairman of the OJK Board of Commissioners Mirza Adityaswara said the number was revealed from the findings of the Supreme Audit Agency (BPK) from the Examination Results Report (LHP) in the previous period.

"This is an overpayment of OJK's pension funds, which amounted to Rp39.2 billion," he said when reporting the findings to Commission XI of the DPR at the Senayan Parliament Complex, Jakarta.

According to Mirza, the source of the funds is part of the budget for the administration of the authority in the administrative sector.

Therefore, OJK decided to reallocate excess pension funds for use in the 2022 period with the approval of the DPR. This step is in accordance with the Decree of the Board of Commissioners' Meeting No.84/KRDK/2020 dated August 10, 2022.

Mirza explained that the excess pension funds of Rp39.2 billion were then distributed into three main activities of the authority. First, the operational sector is Rp5.9 billion, the administration is Rp30 billion, and the procurement of assets is Rp3.2 billion.

Operational operations will be used to strengthen the function of the OJK in supporting the transformation of the digital economy and regional supervision. Then for administration in the form of fulfilling tax obligations for the December 2022 period, and the cost sharing of new OJK offices because we are still using the BI (Bank Indonesia) building. Then the last one is the procurement of assets in the context of renovating buildings or offices in the regions," he explained.

Separately, the government recently passed through the Ministry of Finance (Kemenkeu) stating that the payment burden for long-term state officials amounted to Rp2,929 trillion. This figure consists of Rp935.67 trillion from the central government and Rp1,994 trillion from the regional government.

Meanwhile, the current scheme is pay as you go where ASN who have retired are actually paid by ASN who are still working.