Regulatory AlertsOJK Circular 22/SEOJK.05/2023 on Monthly Financial Reports of Social Security Implementing Agencies and Social Security Funds
The Financial Services Authority (OJK) issued Circular 22/SEOJK.05/2023 to standardize the format and supervision of monthly financial reports for Social Security Implementing Agencies (BPJS) and Social Security Funds (DJS). The regulation mandates that these reports, covering health, old age, pension, work accident, death, and job loss programs, be submitted online via the OJK data communication network within ten working days following the end of each month. This circular, effective January 1, 2024, revokes the previous 2014 circular and establishes specific fallback procedures for offline submission in cases of technical failure or force majeure.
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