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Examples
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Free fall from 8 floor (about 30 m above ground level) of Jamsostek (Jaminan Sosial Tenaga Kerja) parking lot tower caused 1 killed.
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Meanwhile the Jamsostek parking lot wall is only made by steel.
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Jamsostek, as the pension fund is known, isn't allowed to invest overseas directly and expects its assets to grow to 115 trillion rupiah $12.7 billion in 2011 from 98.5 trillion rupiah last year, according to Masassya.
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Jamsostek, which at present places most funds collected from workers either in the form of savings or social and work insurance in bank deposits and portfolio investments such as bonds and equity, is also preparing to establish a reinsurance company to help mitigate the business risks of state companies, he said.
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State workers 'insurance company PT Jamsostek plans to enter the financial sector, including banking, and healthcare services as part of the company's expansion program, says a Jamsostek senior executive.
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Jamsostek investment director Elvyn G. Massasya said the company would invest most of the funds on bonds.
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"Jamsostek also plans to acquire PT Nakartrans, which provides recruitment services," he added.
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State workers 'insurance company PT Jamsostek plans to enter the financial sector, including banking, and healthcare services as part of the company's expansion program, says a Jamsostek senior executive.
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Jamsostek president director Hotbonar Sinaga said in Jakarta on Thursday the company would soon establish the investment firm, Jamsostek Investment Company (JIC), which would handle the company's direct investments.
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"Jamsostek also plans to acquire PT Nakartrans, which provides recruitment services," he added.
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