BP Tapera Admits Not All Participants Can Get Houses

Illustration (Photo: Kementerian PUPR / pu.go.id)

JAKARTA - The Public Housing Savings Management Agency (BP Tapera) stated that one of the benefits received by participants was home ownership credit financing (KPR). However, not all participants received benefits in the form of mortgage financing.

Deputy Commissioner of BP Tapera Eko Ariantoro said that the basis for the beneficiaries of housing finance is the participants who meet the criteria. Later, these criteria will be translated through BP Tapera regulations.

"The principle of the criteria is first to create a first house, our focus is to provide for those who do not have a first house," he said, in a video conference with journalists, Friday, June 5.

Then, said Eko, the participants who do not have a house will be narrowed down again as an additional requirement, namely participants who are in the low-income community (MBR).

Eko said that the beneficiaries of the financing are also required to have a membership period of at least 12 months. This means that the participants have routinely paid dues for 12 consecutive months.

Even so, Eko emphasized, Tapera guaranteed that all participants received benefits but the benefits would be grouped. This benefit will be obtained after retirement.

"So, all participants can benefit. Maybe this is a little different from other social security," he said.

Second, continued Eko, the benefits that can be enjoyed by participants who are not included in the financing recipient category are savings and the results of their fertilization at the end of the participation period.

As is known, President Joko Widodo issued Government Regulation (PP) Number 25 of 2020 concerning the Implementation of Public Housing Savings (Tapera). In this regulation, all workers are required to take part in the Tapera program. However, only those with a maximum income of IDR 8 million can apply for a house purchase.

BP Tapera will start collecting contributions in 2021. Tapera contributions are collected at 3 percent of total wages, with the details of 0.5 percent borne by the employer and 2.5 percent borne by workers who are deducted from their wages. Especially for independent participants, the fees are paid by themselves.

Participation in BP Tapera will end if the worker has retired, namely the age of 58 years. Later, after retiring, participants can get their savings and proceeds from development funds that are placed in bank deposits, government debt securities, and other investments.

For those who have ended their membership period, they can get a return on their savings and the results of their fertilization, which can be in the form of bank deposits, central government debt securities, regional government bonds, securities in the housing sector, or other forms of investment.