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PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the Three Months Period Ended March 31, 2016 and 2015 unaudited
Figures in tables are expressed in billions of Rupiah, unless otherwise stated
Table of Contents
30. PENSION AND OTHER POST-EMPLOYMENT BENEFITS continued a. Pension benefit costs continued
i. The Company continued a. Funded
continued The movements of the prepaid pension benefit cost during for the three months period
ended March 31, 2016 and December 31, 2015 are as follows:
2016 2015
Prepaid pension benefit cost at beginning of year 1,329
1,170 Net periodic pension benefit cost
61 27
Actuarial losses gain recognized via the OCI 895
1,666 Asset ceiling recognized via the OCI
- 357
Return on plan assets excluding amount included in net interest expense
895 1,837
Prepaid pension benefit cost at end of year 1,268
1,329 2016
2015
Service costs 80
55 Plan administration cost
12 15
Net interest cost 31
33 Net periodic pension benefit cost
61 37
Cost to subsidiaries by agreement -
-
Net periodic pension benefit cost less cost to subsidiaries by agreement
61 37
The components of other comprehensive income are as follows:
2016 2015
Actuarial losses gain beginning of year 895
496 Asset ceiling
- -
Return on plan assets excluding amount included in net interest expense
895 496
Net -
-
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PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the Three Months Period Ended March 31, 2016 and 2015 unaudited
Figures in tables are expressed in billions of Rupiah, unless otherwise stated
Table of Contents
30. PENSION AND OTHER POST-EMPLOYMENT BENEFITS continued a. Pension benefit costs continued
i. The Company continued a. Funded
continued The actuarial valuation for the defined benefit pension plan and the other post-employment
benefits Notes 29b and 29c was performed based on the measurement date as of December 31, 2015 and 2014, with reports dated February 25, 2016 and February 24, 2015, respectively, by PT
Towers Watson Purbajaga “TWP”, an independent actuary in association with Willis Towers Watson “WTW” formerly Towers Watson. The principal actuarial assumptions used by the
independent actuary as of March 31, 2016 and December 31, 2015 are as follows:
December 31, 2015
December 31, 2014
Discount rate 9.00
8.50 Rate of compensation increases
8.00 8.00
Indonesian mortality table 2011
2011 b. Unfunded
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 Rp2 billion and Rp7 billion as of
March 31, 2016 and December 31, 2015, 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. 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 becoming disabled starting from February 1, 2009.
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.
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PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the Three Months Period Ended March 31, 2016 and 2015 unaudited
Figures in tables are expressed in billions of Rupiah, unless otherwise stated
Table of Contents
30. PENSION AND OTHER POST-EMPLOYMENT BENEFITS continued b. Pension benefit costs continued
