If you’ve ever looked closely at your monthly payslip, you’ve probably noticed several deductions with different names, from taxes to BPJS Kesehatan. One of them is the Jaminan Hari Tua (JHT). You might have wondered, “It’s deducted every month, but what’s actually in it for me?”
In reality, JHT isn’t just another random deduction. It’s a long-term financial protection program that becomes especially valuable when you’re no longer working.
What Is JHT and How Does It Work?
Simply put, Jaminan Hari Tua (JHT) is a program by BPJS Ketenagakerjaan that serves as a retirement savings fund for workers. The contributions come from two sources: a small portion of your salary and an additional contribution from your employer. Every month, you save automatically with minimal effort, and your company helps grow that balance as well.
As long as you’re employed and registered with BPJS Ketenagakerjaan, your JHT balance will continue to grow. Later, you can withdraw the funds once you retire, resign, or meet certain conditions.
In other words, JHT works like a personal savings account that grows over time, but the difference is that a government institution officially and securely manages it.
The Often Overlooked Benefits of JHT
Many people see JHT as just a retirement fund, but its benefits go far beyond that:
- A financial backup when you leave your job
If you’re resigning or between jobs, JHT can be a lifesaver. You can withdraw part of the funds after a specified waiting period, providing you with financial breathing room without undue panic.
- A stable source of income after retirement
Once you retire, JHT helps cover daily expenses. You won’t lose all sources of income because your accumulated balance acts as financial support.
- Financial protection for your family
If a participant passes away, their JHT balance can be inherited by their family, ensuring continued financial support for loved ones.
When and How You Can Withdraw JHT Funds
You can withdraw your JHT balance under several conditions, including:
- Reaching retirement age (minimum 56 years old)
- No longer employed and not registered with BPJS
- Permanently relocating overseas
- Resigning from your job (with a waiting period before withdrawal)
The good news is that the process is now much simpler. You can manage everything online through the BPJS Employment app; no more long queues at the branch office.
Why It Matters for Today’s Generation of Workers
Today’s employees tend to be more financially aware. Many are investing, starting side hustles, or saving in mutual funds. However, amid all that, it’s essential not to overlook the foundation, such as JHT.
The JHT program acts as a reliable safety net because:
- It’s managed and guaranteed by the government
- It’s unaffected by market fluctuations like other investment instruments
- It serves as a long-term emergency fund you can rely on when needed
It may seem small at first, but the JHT deduction is an investment in peace of mind for your future. Because the hard work you do today isn’t just for now, it’s for your future self, too.
Conclusion: Work with Confidence, Secure Your Future
JHT isn’t just a small figure on your payslip; it’s a form of financial protection that ensures a more secure future. With JHT, you can focus on your work without worrying about what comes after retirement.
And to make things even better, you can take advantage of various employee benefits available through the VENTENY Employee Super App, such as V-Merchant for daily needs and financial programs like Earned Wage Access (EWA) and Advance Wage Access (AWA) to help you manage your finances more flexibly. Because your hard work deserves both security today and peace of mind for tomorrow.
