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JAKARTA (MKRI) — The Constitutional Court (MK) handed down a decree for the material judicial review hearing of Article 163 paragraph (1) letter b of Law No. 4 of 2023 on the Financial Sector Development and Reinforcement (PPSK Law) for case No. 47/PUU-XXII/2024 on Tuesday morning, July 30, 2024.

“[The Court] grants the withdrawal of the Petitioners’ petition,” said Chief Justice Suhartoyo alongside the other eight constitutional justices at the online hearing.

The Court also pronounced petition No. 47/PUU-XXII/2024 withdrawn and may not be resubmitted. Moreover, the Court also ordered the Registrar’s Office to register the withdrawal of the petition on the Electronic Case Registration Book (e-BRPK) and return the copy of the petition to the petitioner.

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Previously, Elrodo Natama Sihaloho, Pierre Abraham, Andry Hendarsyah, Saiful Alamsyah, and Usman argued that they have suffered a constitutional loss due to the implementation of the a quo article where upon entering retirement, their pension funds cannot be received at once on an annuity basis where payments are made monthly. According to the Indonesian Language Dictionary (KBBI), annuity means a series of payments or receipts of the same amount that must be paid or received at the end of each period of the same period for a certain number of years.

“As citizens, we believe we have the right to manage our pension, having worked for decades when we retire, we do not receive [our right] because this law says [our pension] must be paid periodically and we are given the only choice of life insurance or sharia life insurance. Meanwhile, the law guarantees that we have the right to our personal property and the right to manage and use our ability to invest our personal property in this case the pension fund,” Sihalolo said at the preliminary hearing on Thursday, July 4, 2024. 

Author            : Utami Argawati
Editor             : N. Rosi
PR                 : Tiara Agustina
Translators     : Yuniar Widiastuti, Rizky Kurnia Chaesario (NL)

Disclaimer: The original version of the news is in Indonesian. In case of any differences between the English and the Indonesian versions, the Indonesian version will prevail.

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