Abstract

The purpose of this paper is to determine the Key Success Factors in the operationalization of BP. Tapera (Public Housing Savings Implementing Agency), so that solutions to the challenges faced by institutions in the future will be found, as well as ways to achieve successful performance. As results of external analysis research, showing several key success factors, including high economic growth, large population, implementation of mandatory Tapera membership, high yielding Tapera fund accumulation, transparent and accountable Tapera administration principles, the culture of mutual cooperation and humanity, availability of adequate office/branch services, availability of integrated IT, Decrease Termination of Employment, Employment Increase, Price Stability, Equitable Development Results, Participant Awareness and Trust, Employer Support, Land Bank Availability. As a follow-up study, BP. Tapera must immediately develop and perform strategies to implement these key success factors.

Highlights

  • In Indonesia, the purpose of the Social Security Program is to fulfill the basic needs of a decent life for all participants and their families

  • There are 3 types of Social Security Programs that have been running, namely: Health Social Security Program organized by BPJS Kesehatan and operated since January 1, 2014, Employment Social Security Program organized by BPJS Ketenagakerjaan and operated since July 1 2015, and the newly launched Tapera program, organized by BP

  • Indonesia's economic growth projection is 5.17% in 2018 and 5.02% in 2019 while Singapore's is 3.3% in 2018 and 1% in 2019

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Summary

Introduction

In Indonesia, the purpose of the Social Security Program is to fulfill the basic needs of a decent life for all participants and their families. The aim of the Tapera program is to raise and provide long-term low-cost funds for financing affordable housing. The principle of implementing the Tapera program is mutual cooperation, where only MBR receive housing finance assistance, while non-MBR who are actively saving are only entitled to receive old-age savings. Another economic role of the availability of housing finance funds is to provide a multiplier effect on industrial growth related to the housing industry as many as 170 industries

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