On 2 February 2022, the Minister of Manpower ("MoM") issued MoM Regulation No. 2 of 2022 on Procedure and Requirement for Payment of Old Age Security Benefits ("MoM Regulation 2/2022"), which would initially come into effect on 4 May 2022, and revoke MoM Regulation No. 19 of 2015 on Procedure and Requirement for Payment of Old Age Security Benefits ("MoM Regulation 19/2015").
The issuance of MoM Regulation 2/2022 has caused many controversies in the majority of Indonesian workforce. They are against some provisions under MoM Regulation 2/2022, particularly Article 3 stating that the Old Age Security (Jaminan Hari Tua or "JHT") benefits can be collected by the Participants when they reach the age of 56 .
After the ongoing controversies and protests, Minister of Manpower Ida Fauziyah announced on 2 March 2022 that MoM Regulation 2/2022 would be revised and the currently prevailing MoM Regulation 19/2015 would remain effective.
MoM Regulation 2/2022 is under the revision process with the expected outlook to circle back to the provisions under MoM Regulation 19/2015. Minister Ida Fauziyah stated that the amended provisions, in principle, would provide an easier procedure of JHT collection even for workers who are terminated or resigned, and have not reached the retirement age of 56. However, since the amendment to MoM Regulation 2/2022 is still in process, MoM has ensured that disbursements of JHT will follow the procedure under MoM Regulation 19/2015, whereby, terminated...
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