Tapera: Mandatory Public Housing Savings Spark Controversy and Speculation
On 20 May 2024, the Indonesian government introduced Regulation Number 21 of 2024 (“GR 21/2024”), an amendment to existing Regulation Number 25 of 2020 regarding the implementation of public housing savings, known as Tabungan Perumahan Rakyat (“Tapera”). The program mandates contributions to Tapera for all workers, including those in private enterprises and self-employed individuals, leading…