New 2027 Regulations Require Companies to Deposit Severance Pay Reserve Funds to the Government
7 Articles
7 Articles
The Employment Protection Law requires companies to deposit Severance Pay Reserve Funds (DCP) to the government starting in 2026. This protects workers from layoffs and failure to pay severance pay.
This regulation is a step to mitigate the risk of failure to pay severance pay when a company goes bankrupt.
The Ministry of Manpower Confirms the Government Has Not Appointed a Severance Pay Reserve Fund Manager, Denying Danantara's Report
The Ministry of Manpower confirmed that no severance pay reserve fund management agency has been established. The information that Danantara received employer deposits is incorrect.
This statement also refutes information circulating on social media regarding the obligation of employers to deposit severance pay reserve funds to Danantara.
JAKARTA – The Ministry of Manpower (Kemnaker) has confirmed that the government has not yet designated an institution that will manage the Severance Pay Reserve Fund. Therefore, information circulating on social media regarding employers' obligation to deposit the fund...
Coverage Details
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
