OJK Sees Huge Potential in Expanding Social Security for Informal Workers

Significant Opportunity in Informal Sector

The Financial Services Authority (OJK) has identified substantial potential in expanding social security coverage to Indonesia's vast informal workforce. According to Ogi Prastomiyono, Executive Head of Insurance, Guarantee, and Pension Fund Supervision at OJK, 58% of Indonesia's workers are engaged in informal sectors. This represents a significant opportunity for BPJS Ketenagakerjaan (BP Jamsostek) to extend its coverage to this large segment of the workforce.

Current Challenges and Future Prospects

The informal sector remains a critical area for social security expansion in Indonesia. With more than half of the country's workforce operating outside formal employment arrangements, there's a pressing need to develop inclusive social security programs. The OJK's recognition of this potential marks an important step toward creating more comprehensive social protection for Indonesian workers.

Regulatory Perspective

Ogi Prastomiyono's statement during the OJK RDK meeting on November 27, 2025, underscores the regulatory body's awareness of the issue and its commitment to addressing it. The OJK's efforts to enhance social security coverage for informal workers will likely involve collaboration with various stakeholders, including government agencies, financial institutions, and social security providers.