DIGIVESTASI - President Joko Widodo (Jokowi) has issued new regulations regarding the Public Housing Savings (Tapera). Employees are required to make monthly contributions. Jokowi assures that this policy has been carefully calculated so that people do not feel excessively burdened.

“Yes, everything has been calculated, it’s just normal, in any new policy, people are considered, whether they are capable or not, whether it’s heavy or not,” said Jokowi after the inauguration of the Vers Ansor regarding the future of Istora. Senayan, Central Jakarta, Monday (May 27, 2024).

For example, Jokowi mentioned BPJS Health. Initially, this initiative received much criticism, but now many people benefit from it. “This will be felt after it’s been running. On the other hand, there are often pros and cons,” Jokowi explained.

Tapera Regulations
The provisions are outlined in Government Regulation (PP) Number 21 of 2024, which amends PP Number 25 of 2020 concerning the Implementation of Public Housing Savings (Tapera) dated May 20, 2024. PP 21/2024 refines the provisions of PP 25/2020, regarding the calculation of Tapera savings for freelancers or self-employed workers.

In general, Article 5 of the Tapera Regulation states that every worker aged 20 years and above or already married with an income at least equal to the minimum wage must become a Tapera participant. Meanwhile, Article 7 details the categories of workers required to participate in Tapera, including not only civil servants (PNS) or state civil apparatus (ASN) and military/police (TNI-Polri), and state-owned enterprises, but also private sector workers and other employees receiving salaries or wages.

“Every worker and self-employed individual as referred to in paragraph (2) with an income at least equal to the minimum wage must become a participant,” reads Article 5, paragraph 3 of the Tapera Regulation signed by President Joko Widodo (Jokowi).

Implementation Schedule
Article 68 of the regulation also emphasizes to employers that they must register their employees with BP Tapera no later than seven years from the effective date of PP 25/2020, which is May 20, 2020. This means registration by employers must begin in 2027.

Article 14 stipulates that Tapera participant savings contributions are paid by both the employer and the employee. Meanwhile, contributions for self-employed participants are paid by the individuals themselves.

Contribution Amount
The amount of participants' savings is determined based on a certain percentage of their monthly salary for employed participants, and the average monthly income for the previous calendar year with certain limits for self-employed participants.

The final percentage of savings is regulated in Article 15 of PP 21/2024. Article 15, paragraph (1) states that the amount of savings for participants is set at 3% of the salary for employed participants and the income for self-employed participants. Paragraph 2 of Article 15 states that the savings contributions for employed participants are shared by the employer (0.5%) and the employee (2.5%). For independent or self-employed members, they are responsible for their own contributions according to the provisions of Article 3.

The basis for calculating participants' savings is carried out according to the provision that employees receive salaries and wages from the State Budget (APBN) or Regional Budget (APBD) by the Minister who handles government affairs in the financial sector according to government regulations. The Minister manages government affairs in the field of utilizing state apparatus.

For workers in state-owned enterprises, government-owned enterprises, and the private sector, this is regulated by the Minister who handles labor affairs. Meanwhile, for self-employed individuals, it is regulated by BP Tapera, but the basis for calculating savings is determined from the declared income.

“The amount of participants’ savings as referred to in paragraphs (1) and (2) can be assessed,” as stated in Article 15, paragraph 6.

Tapera Contribution Mechanism
Article 20 of the Tapera Regulation also stipulates that employers are obliged to deposit Tapera savings monthly, no later than the 10th of the month following the relevant savings month, into the Tapera Fund account. For self-employed individuals, it’s the same, every 10 days. If the 10th falls on a holiday, the savings are paid on the next working day after the holiday.

The Tapera savings scheme begins with the obligation of BP Tapera to maintain a personal account profile for participants, reflecting their accumulated savings balance held by the custodian bank. Participants then deposit funds into the Tapera Fund account at the custodian bank, either through supporting banks or other payment mechanisms designated by the custodian bank.

Participants’ savings are allocated into seed funds, utilization funds, and reserve funds with specific percentages determined by BP Tapera. The utilization fund represents the percentage of Tapera funds in the Tapera Fund account used to finance housing for participants with lower interest rates or margins than commercial housing financing rates as determined by BP Tapera.

If participants do not make deposit payments, their Tapera membership is declared inactive, but Tapera membership can be reactivated once the participant resumes deposit payments. Participants whose membership status is inactive remain registered in the BP Tapera participant account.

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