BEYOND UNCERTAINTY: DIRECT INVESTMENT OPPORTUNITY AND RISK MANAGEMENT STRATEGY FOR FINANCIAL RESILIENCE IN BPJS KETENAGAKERJAAN

Abstract

BPJS Ketenagakerjaan plays a strategic role in managing social security funds and labor protection programs. Amid significant market uncertainty, efficient and optimal investment fund management is a major challenge, given that its investment instruments -such as equities, bonds, and property- are highly sensitive to economic fluctuations. Therefore, using a mixed-method approach, this study examines direct investment opportunities and appropriate risk management strategies for BPJS Ketenagakerjaan in building financial resilience against market uncertainty. The findings indicate that BPJS Ketenagakerjaan still has substantial investment opportunities, provided that prudent risk management and return considerations are maintained. This research highlights the importance of combining responsible asset allocation, instrument diversification and applying prudential principles to achieve long-term financial resilience.