PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2013 and for the Year Then Ended
Figures in tables are expressed in billions of rupiah, unless otherwise stated
84
34. RETIREMENT BENEFIT
AND OTHER
POST RETIREMENT
BENEFIT OBLIGATIONS
continued a. Prepaid pension benefit costs continued
Historical information: 2013
2012 2011
2010 2009
Present value of funded defined 14,883
19,249 16,188
11,924 10,131
benefit obligation Fair value of plan assets
16,803 18,222
16,597 15,098
12,300
Surplus deficit in the plan 1,920
1,027 409
3,174 2,169
Experience adjustments arising on plan liabilities
20 1
156 314
318 Experience adjustments arising on
plan assets 2,474
507 410
1,604 2,028
b. Pension benefit costs provisions
i The Company The Company sponsors unfunded defined benefit pension plans and a defined contribution
pension plan for its employees. The defined contribution pension plan is provided to employees hired with permanent status
on or after July 1, 2002. The plan is managed by Financial Institutions Pension Fund “Dana Pensiun Lembaga Keuangan” or “DPLK”. The Company’s contribution to DPLK is determined
based on
a certain
percentage of
the participants’
salaries and
amounted to
Rp6 billion and Rp5 billion for the years ended December 31, 2013 and 2012, respectively. Since 2007, the Company has provided pension benefit based on uniformulation for both
participants prior to and from April 20, 1992 effective for employees retiring beginning February 1, 2009. The change in benefit had increased the Company’s obligations by
Rp699 billion, which is amortized over 9.9 years until 2016. In 2010, the Company replaced the uniformulation with Manfaat Pensiun Sekaligus “MPS”. MPS is given to those employees
reaching retirement age, upon death or upon being disabled starting from February 1, 2009. The change in benefit had increased the Company’s obligations by Rp435 billion, which is
amortized over 8.63 years until 2018.
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2013 and for the Year Then Ended
Figures in tables are expressed in billions of rupiah, unless otherwise stated
85
34. RETIREMENT BENEFIT
AND OTHER
POST RETIREMENT
BENEFIT OBLIGATIONS
continued b. Pension benefit cost provisions continued
i
The Company continued The Company also provides benefits to employees during a pre-retirement period in which
they are inactive for 6 months prior to their normal retirement age of 56 years, known as pre- retirement benefits “Masa Persiapan Pensiun” or “MPP”. During the pre-retirement period,
the employees still receive benefits provided to active employees, which include, but are not limited to, regular salary, health care, annual leave, bonus and other benefits. Since 2012, the
Company has issued a new requirement for MPP effective for employees retiring beginning April 1, 2012, whereby the employee is required to file a request for MPP and if the employee
does not file the request, he or she is required to work until the retirement date.
The following table presents the change in projected benefits obligation of MPS and MPP for the years ended December 31, 2013 and 2012:
2013 2012
Change in projected benefits obligation Unfunded projected benefits obligation at
beginning of year 2,436
2,440 Service costs
97 104
Interest costs 150
173 Actuarial gains
342 128
Benefits paid by employer 141
153 Unfunded projected benefits obligation
at end of year 2,200
2,436 Unrecognized prior service costs
506 639
Unrecognized net actuarial losses 50
424
Pension benefit costs provisions at end of year 1,644
1,373
Movements of the pension benefit costs provisions during the years ended December 31, 2013 and 2012:
2013 2012
Pension benefit costs provisions at beginning of year 1,373
1,067 Net periodic pension costs
412 459
Employer’s contributions 141
153
Pension benefit costs provisions at end of year 1,644
1,373
