Unemployment Fund
The passing into law of the job creation bill by the House of Representatives (DPR) on 5 October 2020 introduced the establishment of a new unemployment fund (JKP) as a new instrument for protecting workers.
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Workers from a partner company PT PLN in Bukit Bintang, Piyungan, Bantul, DI Yogyakarta, Tuesday (12/11/2019).
The passing into law of the job creation bill by the House of Representatives (DPR) on 5 October 2020 introduced the establishment of a new unemployment fund (JKP) as a new instrument for protecting workers. Under the JKP scheme, workers who have been terminated (from work) are entitled to receive cash, job training and access to labor market information.
The implementation of the instrument, which in global terms is called unemployment insurance (UI), has made Indonesia increase its compliance in implementing the ILO Convention No. 102/1952 concerning Social Security (Minimum Standard) and ILO Convention No. 168/1988 concerning Employment Promotion and Protection against Unemployment. The substance of both conventions is to protect workers who have lost their jobs and their families from poverty, and increase their access to reemployment through training.