PT. Dataindo Inti Swakarsa

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Company News
KS Pension Fund Closes Program
Bisnis Indonesia, page B4, 2006-05-16
Krakatau Steel (KS) Pension Fund closed its Program Pensiun Manfaat Pasti (Stable Benefit Pension Program) for new members and applied a dual pension program starting this year. New members will be entered in the Dana Pensiun Lembaga Keuangan (Financial Institutionís Pension Fund), which is not owned by KS, with a Program Pensiun Iuran Pasti (Stable Fee Pension Fund). Krakatau Steelís current pension fund only has a capital adequacy ratio (CAR) of 92 percent. If the program conversion is done this year, the company must deposit Rp.96 billion to cover its lack of asset as much as 8 percent. The deposit amount is from the percentage lacked from the CAR of its total assets. By December 2005, Krakatau Steel managed assets worth Rp.1.2 trillion.
 
Dana Pensiun Krakatau Steel
Indonesia Company Report
Last Update 7-December-2016
Major Businessline : Provident fund

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