The Problem with Integrating Pension Funds
Monday, 16 January 2023
The integration of SOEs pension funds will make it easier to control and manage them. But centralization can invite moral hazard.
THE government’s plan to combine the pension funds of state-owned enterprises (SOEs) should be aimed at guaranteeing the right of employees to enjoy their retirement. Therefore, the main target of the integration of SOEs pension funds should be to prevent corruption and fraud.
We have had the bad experience of the embezzlement of the Asabri and Jiwasraya pension funds. The two managing boards of these SOEs pension funds lost more than Rp40...
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