Heaptalk, Jakarta — The Audit Board of Indonesia (BPK) reported that the Public Housing Savings (Tapera) Program failed to return savings to 124,960 retirees or their heirs, amounting to approximately Rp567.5 billion or US$34.8 million (US$1 equals Rp16,269) in 2021.
In the report numbered 202/LHP/XVI/12/2021 by the Principal State Finance Auditor III, BPK found that 124,960 individuals who had retired or passed away by the third quarter were still recorded as active participants. The breakdown is as follows: 25,764 deceased participants with a balance of Rp 91,035,338,854 and 99,196 retired participants with a balance of Rp 476,422,396,956.
Since they were still recorded as active participants, the heirs or the retirees could not access their savings and the accrued interest. “124,960 retired civil servants/their heirs were unable to benefit from the return of savings that rightfully belonged to them, totaling Rp567,457,735,810,” the report stated.
Based on these issues and findings, BPK recommended that BP Tapera return the savings to the hundreds of thousands of deceased and retired participants. “Return the savings to the 124,960 deceased and retired participants amounting to Rp 567,457,735,810,” the BPK report recommended.
Meanwhile, the Director of Operations and Deployment of BP Tapera stated that BP Tapera’s business process relies on data updates to determine the employment status of participants as provided through the portal. “As long as the employer does not update the participant’s status to deceased or retired, they will continue to be listed as active and will not be able to receive a fund return,” he concluded.
