State-Companies and Trade Commission VI of the House of Representatives (DPR) is of the opinion that the settlement for the lifetime pension benefits claim by pensioners of State fertilizer company PT Pupuk Kaltim (PKT) is now tin the hands of State insurance company PT Asuransi Jiwasraya.
This refers to the fact that pensioners have chosen Option 3 of policy restructuring, which means that the responsibility for the settlement lies with Jiwasraya.
“Especially for Pupuk Kaltim (PKT), administratively the law is clear, because the pensioners have chosen Option 3. Jiwasraya has also completed this option, meaning that Pupuk Kaltim no longer has any obligations,” Subardi, a legislator of the National Democrat (NasDem) Party Faction, said in a hearing on Tuesday, February 6, 2025.
Jiwasraya has since 2021 been placed under the management of IFG Life, which has taken over the restructuring and management of Jiwasraya’s policies. This transition was initiated following government efforts to stabilize Jiwasraya, including a $1.5 billion injection to support the company.
The PKT pensioners had demanded the return of lifetime pension benefits affected by the Jiwasraya restructuring.
The Commission VI previously held a meeting on February 3, 2025 to settle Jiwasraya’s pension funds. A number of House members emphasized that Pupuk Kaltim no longer has any legal obligations regarding the demands of retirees.
The meeting was attended by representatives from State fertilizer company PT Pupuk Indonesia, the holding company of PKT, Holding State insurance company PT Asuransi Jiwa IFG, and PT Asuransi Jiwasraya.
Subardi also warned against payments that could potentially violate legal rules.
“If you don’t have to pay, then you don’t have to pay. Don’t let it happen that you’ve paid, but it turns out to be wrong!” he said.
Another Commission VI member, Herman Khaeron, questioned the possibility for Pupuk Kaltim to fulfill the demands of the pensioners.
“Is there still a gap for recovery, or is this final?” he asked.
President Director of Pupuk Indonesia, Rahmad Pribadi, responded by emphasizing that there could be no recovery without a clear legal basis.
“As a state-owned company, there must be proper governance. For this problem, Pupuk Indonesia and Pupuk Kaltim have fulfilled their obligations according to the law, as stated in the legal opinion of Junior Attorney General for Civil and State Administrative Affairs (JAMDATUN),” Rahmad said.
He, however, added that Pupuk Kaltim still had good intentions by submitting a legal opinion again to Jamdatun as a further measure.
Upon listening to opinions from various parties, Herman Khaeron concluded that legally, the pensioners’ demand for the restoration of lifelong policy benefits could not be fulfilled.
“That means their demand cannot be (fulfilled), period. Because it is certain that the recovery (of the life policy) cannot be done,” Herman stressed.
