Singapore and Canada Become Erick Thohir’s Qibla Benahi Dapen State Enterprises

The management of public pension funds will continue to be improved. Pictures/Illustrations

JAKARTA – Minister of Public Enterprises (BUMN) Eric Thohir ensure the management of pension funds ( Pension ) BUMN refers to the corporate system or governance in other countries. Two countries considered as references for the ministry of BUMN are Canada and Singapore.

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“We tried benchmarking so as not to make improvements without seeing what is happening in other countries. So we saw how the structure is from Canada to Singapore,” Erick said when meeting at the DPR RI building, Monday (13/2/2023).

After the pilot study, the shareholders then drafted a “blue book” on technical guidelines for the management of public pension funds. The objective is for the technical system to be completed in March 2023.

“In February-March, we are developing a blue book of technical instructions on the proper management of pension funds, so that investments made by pension funds are no longer fraudulent,” he said.

It should be noted that there are 65% of public enterprise pension funds in difficulty. This situation is due to the fact that it is managed by retirees who do not understand the investment mechanism.

BUMN Deputy Minister I Pahala Nugraha Mansury said many BUMN retirees who were not experts were in fact responsible for managing the company’s pension funds. “A lot of (retirements) the problem is not the retirees, but if they are managed by people who have the expertise to do it,” Pahala said some time ago.

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Improving the BUMN pension funds is currently one of the priorities of the BUMN ministry. Pahala noted that the transformation of investment funds of employees of public companies should be carried out to prevent fraud or fraud.

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Vince Corbyn

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