Key Takeaways
- • The Ministry of Manpower (Kemnaker) said no government decision has been made on which institution will manage severance reserve funds, and Danantara has not been appointed to manage them.
- • Director General of Industrial Relations and Social Security Indah Anggoro Putri called social media claims that employers must deposit severance reserve funds to Danantara untrue.
- • The severance reserve mandate derives from Article 253 of Law Number 27 of 2026 on Employment Protection, but implementation awaits a implementing regulation.
- • The ministry plans a public consultation involving employers, workers, and other labor stakeholders before finalizing technical provisions.
Summary
The Ministry of Manpower has moved to correct circulating reports that Danantara, the Indonesian sovereign investment agency formally named Nusantara Anagata Daya Investment Management Agency, has been assigned to manage pension reserve funds. According to ANTARA, as quoted in the report, Director General of Industrial Relations and Social Security Indah Anggoro Putri said the claim that employers are now required to deposit severance reserve funds with Danantara is not true. She stated that no government decision has yet been made regarding the institution that will manage the severance reserve fund.
The clarification followed social media posts suggesting such a requirement already existed. Indah also denied that the ministry had issued any official statement saying Danantara or the ministry would manage the funds. Kemnaker urged the public, particularly employers and workers, not to disseminate unverified information.
The severance reserve issue is tied to Article 253 of Law Number 27 of 2026 concerning Employment Protection. Implementation, however, remains pending an implementing regulation, meaning the government must still formulate the technical provisions before the policy can take effect. The ministry plans to open a public consultation with employers, workers, and other labor stakeholders. Indah said the regulation matters both for worker protection and for the ability and sustainability of businesses.
According to the ministry, the forthcoming implementing rules will address fund management mechanisms, governance, funding sources, management institutions, and accountability. Until those rules are issued, the reference to Danantara as a candidate manager has no official basis. The government said it will announce the policy after the discussion and drafting process is complete.
The clarification followed social media posts suggesting such a requirement already existed. Indah also denied that the ministry had issued any official statement saying Danantara or the ministry would manage the funds. Kemnaker urged the public, particularly employers and workers, not to disseminate unverified information.
The severance reserve issue is tied to Article 253 of Law Number 27 of 2026 concerning Employment Protection. Implementation, however, remains pending an implementing regulation, meaning the government must still formulate the technical provisions before the policy can take effect. The ministry plans to open a public consultation with employers, workers, and other labor stakeholders. Indah said the regulation matters both for worker protection and for the ability and sustainability of businesses.
According to the ministry, the forthcoming implementing rules will address fund management mechanisms, governance, funding sources, management institutions, and accountability. Until those rules are issued, the reference to Danantara as a candidate manager has no official basis. The government said it will announce the policy after the discussion and drafting process is complete.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.