PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued JUNE 30, 2005 AND 2006, AND FOR THE SIX MONTHS PERIOD ENDED
JUNE 30, 2005 AND 2006 Figures in tables are presented in millions of Rupiah, unless otherwise stated
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43. PENSION PLANS
a. The Company
The Company sponsors a defined benefit pension plan and a defined contribution pension plan. The defined benefit pension plan is provided for employees hired with permanent status prior to
July 1, 2002. The pension benefits are paid based on the participating employees’ latest basic salary at retirement and years of service. The plan is managed by Telkom Pension Fund Dana
Pensiun Telkom. The participating employees contribute 18 before March 2003: 8.4 of their basic salaries to the plan. The Company’s contributions to the pension fund for the six
months period ended June 30, 2005 and 2006 amounted to Rp335,654 million and Rp347,551 million, respectively.
In 2002, the Company amended its defined benefit pension plan to increase the pension benefits for certain participating employees above 56 years of age, beneficiaries of deceased participating
employees or employees with physical disabilities. The increase applies to participating employees who retired on or after July 1, 2002. The Company also increased pension benefits for
employees who retired prior to August 1, 2000 by 50, effective January 1, 2003. The defined contribution pension plan is provided for employees hired with permanent status on
or after July 1, 2002. The plan is managed by a financial institution pension fund Dana Pensiun Lembaga Keuangan. The Company’s annual contribution to the defined contribution pension
plan is determined based on a certain percentage of the participants’ salaries and amounted to Rp421 million and Rp884 million for six months period ended June 30, 2005 and 2006,
respectively. The following table presents the change in projected benefit obligation, the change in plan assets,
funded status of the plan and the net amount recognized in the Company’s balance sheets for the six months period ended June 30, 2005 and 2006 for its defined benefit pension plan:
PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued JUNE 30, 2005 AND 2006, AND FOR THE SIX MONTHS PERIOD ENDED
JUNE 30, 2005 AND 2006 Figures in tables are presented in millions of Rupiah, unless otherwise stated
- 87
43. PENSION PLANS
