Financial Services Authority was formed with Rp.62, 7 Billion

According to members of the House Commission XI, Mohammad Hatta, employees and Bapepem BI-LK was given two choices. Remain a civil servant or an early retirement with the consequences of choosing to be higher paid employees OJK.

"Automatic employee will OJK higher income than those who remain a civil servant,"

Financial Services Authority (OJK), which combines the two institutions, Bank Indonesia (BI) and Bapepem-LK berkonsekunsi the merger of two employees at the two institutions. Recorded, a total of 2700 employees, each employee Bapepam-LK 1200 and 1,500 employees BI.

According to members of the PAN faction, the OJK highly paid employees because they are required to be professional. This status difference, Hatta said, will not be disruptive of coordination.

"They're with their own consequences. Yes, a permanent civil servant salary in accordance with the faction, "

Bapepam-LK's civil servants were given until 1 April 2013 to decide the choice. While the BI employees are asked to decide the choice of up to three years after the merging of banking supervision to the OJK in January 2014.

Whereas in 2011 and then, the Head of Bapepam-LK, said it submitted a budget Nurhaida establishment of the Financial Services Authority (OJK) for fiscal year 2012 amounting to Rp 304.8 billion. "This is to optimize the establishment of OJK," said Chairman of Bapepam-LK Nurhaida when meeting with Finance Committee, House of Representatives, Thursday, September 23, 2011.

On the other hand, Bank Indonesia admitted that he had allocated funds for the transfer of banking supervision to the OJK function of Rp 62.7 billion. The fund of that for the preparation of data, information and document management systems, preparation of human resources (HR) as well as planning and logistics assets of Rp 7.7 billion. "While the temporary investment of funds amounting to Rp 55 billion," BI Governor Nasution said in Jakarta, Thursday (26/01).

While the BI operational costs in 2011 amounting to Rp 5 trillion. "For the transfer of banking supervision to the OJK, we will and is already working with the finance ministry," he added

Law 21/2011 on the Financial Services Authority passed the House on October 27, 2011 last. OJK is an independent institution with a nine-member board of commissioners is collective collegial. Although there are two members of the ex-officio representative elements of the government representatives of Bank Indonesia and the Ministry of Finance, OJK expected not to be part of the authority in carrying out their duties.

Preparation of budget submissions Nurhaida added to accommodate the establishment of OJK consulting services spending of Rp 50 billion, which was previously budgeted. In which the rest of its budget needs through the submission of proposed new initiatives in the upcoming state budget. "Needs to OJK budget depends on the outcome of discussions of the draft OJK between the government and parliament," he said.

Nurhaida affirm if not agreed upon the establishment of OJK, the existing budget allocation has been approved and will be abolished and incorporated into the Budget Usage Over Time. "Later, depending on his discussions of the draft OJK," he concluded.

Sources: http://www.neraca.co.id/2012/01/26/bi-investasi-bangun-ojk-rp-627-miliar/