|
State-owned occupational insurance provider PT Jamsostek
announced Thursday that it had booked Rp 738 billion (US$86.2 million)
in net profit in 2006, and would conduct a minor reshuffle of its board
of directors.
Following the company's shareholders meeting Thursday, Jamsostek
president director Iwan P. Pontjowinoto said a percentage of last
year's profit would be paid as a dividend to the government, while the
remainder would be used to help improve workers' social security and
cover this year's operating costs.
The government, as Jamsostek's main shareholder, would received 14
percent of the profit as a dividend.
As of the end of September 2006, the company's assets stood at Rp 39.48
trillion, which represented the proceeds of premiums paid by the around
25 million workers and 1.5 million companies participating in the
company's occupational security schemes.
Workers contribute between 10 and 13 percent of their monthly salaries
in premiums for the combined healthcare, bereavement benefit,
occupational accident and pension programs run by Jamsostek. In the
case of the pension program, workers only have to pay 2 percent of the
monthly premium while the remainder is paid by their employers.
"Most of the profit will be spent on improving workers' social
security," he said, adding that in the past most of Jamsostek's profits
had been used to construct low-cost housing, finance the education of
low-income workers' children and help small- and medium enterprises
(SMEs).
The company would also allocate 10 percent of its profits to helping
SMEs generate new jobs so as to reduce unemployment, and Rp 5 trillion
to construct affordable homes and apartments for workers in ten cities.
During the shareholders meeting, the government and Jamsostek
management set a target of attracting 1.9 million new clients this year
so that the total number of workers actively participating in the
social security schemes could rise to eight million.
Only 7.1 million out of the around 25 million workers registered with
Jamsostek actually regularly pay their monthly premiums.
"With the additional participants, the premiums paid into the pension
program will rise by 9 percent to Rp 6.1 trillion so that the pension
fund could reach Rp 48.7 trillion by the end of this year," said Iwan.
State Minister for State Enterprises Sugiharto, who represented the
government at the meeting, also approved a reshuffle involving three
members of the company's board of directors to help improve the
Jamsostek's performance this year.
Tjarda Mochtar, previously director of operations and services, was
appointed the new director of research, planning and information, will
replace Acep R. Jayaprawira, while director of human resources and
general affairs Andi Achmad M. Amien will be appointed the new director
of operations and services. Meanwhile, Acep will take over Andi's
previous job as director of human resources and general affairs.
|
