PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued SEPTEMBER 30, 2005 AND 2006, AND FOR THE NINE MONTHS PERIOD ENDED
SEPTEMBER 30, 2005 AND 2006 Figures in tables are presented in millions of Rupiah, unless otherwise stated
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45. POST-RETIREMENT HEALTH CARE BENEFITS
The Company provides a post-retirement health care plan for all of its employees hired before November 1, 1995 who have worked for the Company for 20 years or more when they retire, and to
their eligible dependents. The requirement of working for over 20 or more years does not apply to employees who retired prior to June 3, 1995. However, the employees hired by the Company starting
from November 1, 1995 will no longer be entitled to this plan. The plan is managed by Yayasan Kesehatan Pegawai Telkom “YKPT”.
The components of net periodic post-retirement health care benefit cost are as follows:
2005 2006
As restated
Service cost 65,727
80,635 Interest cost
380,996 454,180
Expected return on plan assets 77,624
108,948 Recognized actuarial loss
6,061 33,554
Net periodic post-retirement benefit cost 375,160
459,421 Amounts charged to KSO Units under contractual
agreement 8,720
9,907 Total net periodic post-retirement benefit cost less
amounts charged to KSO Units Note 37 366,440
449,514
The actuarial valuations for the post-retirement health care benefits performed based on measurement date of December 31 for each of the years were prepared on March 15, 2005 and February 27, 2006,
respectively, by PT Watson Wyatt Purbajaga, an independent actuary in association with Watson Wyatt Worldwide.
The principal actuarial assumptions used by the independent actuary as of December 31, 2004 and 2005 are as follows:
2004 2005
Discount rate 11
11 Expected long-term return on plan assets
8 8
Health care cost trend rate assumed for next year 12
9 The ultimate trend rate
8 9
Year that the rate reaches the ultimate trend rate 2007
2006
The 2005 figures have been restated due to the adoption of PSAK 24R see Note 4a.
PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued SEPTEMBER 30, 2005 AND 2006, AND FOR THE NINE MONTHS PERIOD ENDED
SEPTEMBER 30, 2005 AND 2006 Figures in tables are presented in millions of Rupiah, unless otherwise stated
- 94
45. POST-RETIREMENT HEALTH CARE BENEFITS continued
