PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2012 AND FOR THE YEAR THEN ENDED
WITH COMPARATIVE FIGURES AS OF DECEMBER 31, 2011 AND FOR THE YEAR THEN ENDED AND AS OF JANUARY 1, 2011
Figures in tables are presented in billions of Rupiah, unless otherwise stated
83
34. RETIREMENT BENEFITS OBLIGATION continued
b. Pension benefit costs provisions 1. The Company
The Company sponsors unfunded defined benefit pension plans and a defined contribution pension plan.
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
Rp5 billion for each of the years ended December 31, 2012 and 2011, respectively. Since 2007, the Company provides 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 liabilities 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 liabilities by
Rp435 billion, which is amortized over 8.63 years until 2018. 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, 2012 and 2011:
2012 2011
Change in projected benefits obligation
Unfunded projected benefits obligation at beginning of year
2,440 2,096
Service costs 104
89 Interest costs
173 194
Actuarial gains losses 128
244 Benefits paid by employer
153 183
Unfunded projected benefits obligation at end of year
2,436 2,440
Unrecognized prior service costs 639
772 Unrecognized net actuarial losses
424 601
Pension benefit costs provisions at end of year 1,373
1,067
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2012 AND FOR THE YEAR THEN ENDED
WITH COMPARATIVE FIGURES AS OF DECEMBER 31, 2011 AND FOR THE YEAR THEN ENDED AND AS OF JANUARY 1, 2011
Figures in tables are presented in billions of Rupiah, unless otherwise stated
84
34. RETIREMENT BENEFITS OBLIGATION continued b. Pension benefit costs provisions continued
1. The Company continued The movements of the pension benefit costs provisions during the years ended
December 31, 2012 and 2011, are as follows:
2012 2011
Pension benefits costs provisions at beginning of year 1,067
804 Net periodic pension costs
459 446
Benefits paid by employer 153
183
Pension benefits costs provisions at end of year 1,373
1,067
The components of net periodic pension costs are as follows:
2012 2011
Service costs 104
89 Interest costs
173 194
Amortization of prior service costs 133
133 Recognized actuarial losses
49 30
Total net periodic pension costs Note 27 459
446 Historical information:
2012 2011 2010 2009 2008
Present value of unfunded defined benefit obligation
2,436 2,440 2,096
1,622 417
Fair value of plan assets -
- -
- -
Deficit in the plan 2,436
2,440 2,096
1,622 417
Experience adjustments arising on plan liabilities
72 30
23 309
3