How to Check Balance and Claim Old Age Security BPJS Employment

Retirement is an important stage of life, and ensuring that your pension is well-managed is a wise move. BPJS Ketenagakerjaan provides a service to monitor your pension balance through their official app. Using the BPJS app, you can easily access up-to-date information on your balance, contributions and pension benefits. Here is a step-by-step guide on how to check your Old Age Security balance on the BPJS app.

What is BPJS Employment?

BPJS Employment's old-age pension is one of the social protection programmes organised by the Employment Social Security Agency in Indonesia. This programme protects BPJS Ketenagakerjaan participants from preparing pension funds or old-age security after the end of the working period.

The BPJS Ketenagakerjaan old-age security programme participants are formal workers in the private sector, non-wage earners, wage earners, and migrant workers. They pay regular contributions to BPJS Ketenagakerjaan to get the benefits of old-age security protection.

Difference between Old Age Security and Pension Security?

Although it sounds the same, don't confuse Old Age Security (JHT) and Pension Security.

One of the differences is in the flexibility of benefit collection time. JHT allows benefits to be taken at any time without limitation of the participation period.

Meanwhile, pension insurance can only be taken by workers who have reached retirement age, which is above 56 years.

 

In addition, there is a difference in the contribution amount; JHT has a contribution of 5.7%, while Pension Insurance is 3% of monthly salary.

Benefits of the Old Age Security Programme

The JHT BPJS Employment programme is an income replacement for workers who experience income cut-off due to death, disability, or entering old age. This programme is run through an old-age savings system.

The benefits provided by the BPJS Employment old-age security programme include:

Cash whose value is the accumulation of all contributions that have been deposited by participants plus the development results recorded in their accounts.

JHT benefits can be claimed with the following conditions:

JHT benefits will be given in a lump sum at the age of 56, in the event of death, permanent total disability, or permanent departure from Indonesia.

Article 37 paragraph (1) jo. Article 26 paragraph (1) PP 46/2015.

If they do not fulfil these conditions, participants can receive partial payments after 10 years of participation.

Article 37 paragraph (3) of Law 40/2004 jo. Article 22 paragraph (4) PP 46/2015

With a maximum withdrawal limit of 30% for home ownership or 10% for other purposes, which can only be done once.

Article 22 paragraph (5) and (6) PP 46/2015.

How to check Old Age Security Balance Online

For information, since 2020, BPJS Ketenagakerjaan has changed its name to BPJamsostek. Here are the general steps to claim your old-age pension balance on the BPJamsostek app:

Download and Install the BPJamsostek App

Firstly, make sure you have downloaded and installed the BPJamsostek app on your mobile device. The app is available for free on the Google Play Store for Android users and the App Store for iOS users.

Login or Registration

If you already have an account, you can directly log in to the app by using the participant number and password you have created previously. However, if you do not have an account, you will need to register first.

Access the Old Age Security Menu

After successfully logging in, search and access the menu related to old-age security or pension funds in the BPJamsostek application.

Check Old Age Security Balance

In the old-age security menu, you will see information on your old-age security balance. Make sure to check your available balance carefully.

How to Claim Old Age Security Benefits Online

The following is the procedure for claiming the Old Age Security balance online

Claim Balance

If you want to claim your old-age insurance balance, there is usually an option or button that provides the facility to make a claim. Make sure to follow the instructions and conditions provided in the application to make it easier to submit an old-age insurance balance claim.

Verification and Confirmation

At this stage, you may be asked to verify your data or confirm your claim. Make sure to provide accurate and complete information as requested.

Wait for the Verification Process

After submitting your claim, you will need to wait for the verification process from BPJamsostek. This process usually takes a certain amount of time.

Receipt of Funds

If your claim is approved, your old-age security balance will be transferred to your registered account. Be sure to check your account regularly to ensure the funds have been received.

Make sure to always keep your account secure by not sharing your login information with others. Hopefully, this article will be useful for readers who want to manage their Old Age Security more efficiently.