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Defined benefit pension investment plunges 3.15%

Reporter: Christine Novita Nababan | Editor: Hendra Gunawan

JAKARTA. The pension fund industry seems to have to work harder to make a bigger contribution to the non-bank financial industry. This is because the growth in assets and investment in pension funds last year was only 0.74% and 0.91% compared to the previous year.

Based on data from the Financial Services Authority (OJK), the pension fund industry’s assets reached Rp 187.52 trillion. Meanwhile, the total investment is IDR 180.93 trillion. The highest growth in total investment occurred in the Employer Pension Fund-Defined Contribution Pension Fund (DPPK-PPIP), amounting to 34.48%.

Followed by the Financial Institution Pension Fund (DPLK) which increased 1.96%. Meanwhile, the amount of investment in the DPPK Defined Benefit Pension Program (PPMP) fell by 3.15%. In fact, the investment portion of DPPK-PPMP reached 69.65% of the total investment in the pension fund industry. The investment portion of DPPK-PPIP is only 10.89% and DPLK is 19.46%.

The pension fund industry is known to be somewhat conservative in developing its managed funds. You see, of the 19 types of investment that are allowed, only four types of investment dominate the investment portfolio. Namely, deposits as much as 29.38%, bonds 21.32%, government securities 16.88% and shares 16.01%.

While the rest is spread across the mutual fund investment basket 6.26%, land and buildings 3%, and Asset Backed Securities Collective Investment Contract (KIK EBA) amounting to 0.14% of the total investment.

Meanwhile, the number of pension fund entrepreneurs to date is 267 institutions, consisting of 195 DPPK-PPMP, 47 DPPK-PPIP and 25 DPLK.

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