By: Mika Putri Larasati )*
The Public Housing Savings Policy (Tapera) by the Government of the Republic of Indonesia (RI) has guaranteed the full return of all funds from the public, so that residents do not need to worry about the security of their money in these savings.
The guarantee of the return of all funds from the public is able to answer the public’s concerns and question marks who are still confused and considering the Tapera policy.
In fact, the existence of the Tapera policy itself brings many various benefits to society, especially for equal access to residential ownership. Also, for example, if Tapera participants don’t use their savings to buy a house, they will still get a positive impact, namely by getting a full refund along with compound interest so that it acts like an investment too.
All funds that people save through Tapera, have a function not only aimed at facilitating residents’ access to owning housing, but there is also a guarantee of refunds and their development after the membership period ends.
In this way, Tapera actually provides a sense of security and comfort for all its participants because they all know transparently that the funds they save in their savings will not just disappear, but will still be returned and also developed.
Commissioner of the Public Housing Savings Management Agency (BP Tapera), Heru Pudyo Nugroho, said that the government returned all participation rights to the participants themselves as recipients of the rights after their participation ended in this policy. In fact, if it turns out that a participant from Tapera dies, the government will still return their savings and become the rights of their heirs.
No half-hearted, even BP Tapera itself has recorded very impressive fund returns in their management of Public Housing Savings funds. How impressive their role is can be seen from the high returns on Tapera fund management contracts (KPDT), both conventional and sharia.
Since its launch on June 14 2021, at least the data shows that until December 2023, the net return recorded by the participants was 8.69 percent. For information, this figure is even able to far exceed the average Himbara Bank deposit interest which is only 2.79 percent and savings yields are only 0.59 percent.
Meanwhile, Deputy Commissioner for Tapera Fund Fertilization, Doddy Bursman said that basically the government’s Public Housing Savings policy aims to collect and provide sustainable, long-term cheap funds for housing financing for low-income people (MBR).
The criteria for low-income people (MBR) themselves are when they have a monthly income below IDR 8 million. Then all funds collected from the participants are recorded and administered by the Custodian Bank (BK).
For people who may be wondering, then where does BP Tapera get such high return figures? So actually this lies in the existence of cooperation between the government and several top-class national investment managers.
Therefore, by collaborating with investment managers, they ensure that fund management in Tapera can get good returns with risks that remain measurable.
There are 3 main points regarding how BP Tapera is managed in seeking high returns on the funds that participants save, namely the first is the principle of prudence. Regular monitoring always takes place regarding what the investment management’s portfolio looks like.
The second aspect is upholding professionalism, the government guarantees that all funds are managed by experienced investment management and have a good track record in the capital market. Then the third is the existence of reasonable and sustainable returns.
On the other hand, Chief of Presidential Staff (KSP) Moeldoko emphasized that Tapera is not actually a form of contribution, but rather a savings account. Workers can take advantage of these savings when they enter retirement.
Law (UU) Number 4 of 2016 does require savings in the amount of 3 percent of salary, but this does not mean that participants must use the funds to build a house.
So that in the end, all the funds that the participants have saved in Tapera, when they enter retirement, the money can be withdrawn or taken in the form of fresh funds and even fertilization has occurred.
So this means that the Government has prepared a series of policies that really favor all the people, one of which is through the existence of Tapera which also guarantees a complete return of funds from the community along with the occurrence of fertilization.
)* The author is Ruang Baca Nusantara
