The PT Pelabuhan Indonesia (Persero) Pension program components include:
The Defined Benefit Pension Program (“PPMP”) is a pension program with benefits stipulated in the Pension Fund regulations. This program is managed by Dana Pensiun Perusahaan Pelabuhan dan Pengerukan (DP4) whose establishment was approved by the Republic of Indonesia Minister of Finance No. S-049/MK.13/1989 dated January 13, 1989. This Pension Fund is a continuation of the pension program managed by the previously established Yayasan Bersama Dana Pensiun Perusahaan Umum Pelabuhan I, II, III, IV, and Perusahaan Umum Pengerukan (YP4). The PPMP applies to permanent employees of the Company employed before 2002.
In connection with the merger status as of October 1, 2021, the Founder of the Dana Pensiun Perusahaan Pelabuhan dan Pengerukan (DP4) became PT Pelabuhan Indonesia (Persero) with the Founding Partner, PT Pengrukan Indonesia (Rukindo). The Pension Contributions and Benefits in this Program are based on the Pension Fund Regulation prepared by the Founder and determined by the Financial Services Authority.
The Defined Contribution Pension Program (“PPIP”) is a pension program with contributions stipulated in the Pension Fund Regulations where all contributions and the results of their development are recorded in an account for each Participant as pension benefits. Employees who are not registered with the PPMP, are registered with the PPIP Pelindo Purnakarya Pension Fund (DP3) in collaboration with Dana Pensiun Lembaga Keuangan (DPLK), together with employees who are PPMP and PPIP participants.
