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PBR » Topics » 10. Employees Postretirement Benefits and Other Benefits

This excerpt taken from the PBR 6-K filed Jun 28, 2006.

10. Employees’ Postretirement Benefits and Other Benefits

The Company sponsors a contributory defined benefit pension plan covering substantially all of its employees and provides certain health care benefits for a number of active and retired employees. In 2005, the Company made contributions of U.S.$296 to pension and health care plans.

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10. Employees’ Postretirement Benefits and Other Benefits (Continued)

Net periodic benefit cost includes the following components:

    As of March 31, 
   
    2006    2005 
     
        Health        Health 
    Pension    care    Pension    care 
    benefits    benefits    benefits    benefits 
         
 
Service cost - benefits earned during the period    43    20    34    17 
Interest on projected benefit obligation    424    147    315    112 
Expected return on plan assets    (282)   -    (195)   - 
Amortization of net (gain)/ loss    78    34    83    30 
         
    263    201    237    159 
 
Employees’ contributions    (33)   -    (26)   - 
         
 
Net periodic benefit cost    230    201    211    159 
         

This excerpt taken from the PBR 6-K filed Nov 23, 2005.

11. Employees’ Postretirement Benefits and Other Benefits

The Company sponsors a contributory defined benefit pension plan covering substantially all of its employees and provides certain health care benefits for a number of active and retired employees. In 2004, the Company made contributions of US$ 221 to pension and health care plans.

Net periodic benefit cost includes the following components:

    As of September 30, 
   
    2005    2004 
     
        Health        Health 
    Pension    care    Pension    care 
    benefits    benefits    benefits    benefits 
             
 
Service cost – benefits earned during the period    108    54    99    33 
Interest on projected benefit obligation    1,010    357    639    253 
Expected return on plan assets    (701)   -    (450)   - 
Amortization of net (gain)/ loss    297    111    -    - 
Translation (gain)/ loss    1    (1)   17    14 
Recognized actuarial loss    -        180    59 
             
    715    521    485    359 
Employees’ contributions    (93)   -    (81)   - 
             
Net periodic benefit cost    622    521    404    359 
             

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Table of Contents

PETRÓLEO BRASILEIRO S.A. - PETROBRAS 
AND SUBSIDIARIES 
 
NOTES TO THE CONSOLIDATED FINANCIAL INFORMATION 
Expressed in Millions of United States Dollars 
(except when specifically indicated) (Unaudited)
 

This excerpt taken from the PBR 6-K filed Aug 25, 2005.

11. Employees’ Postretirement Benefits and Other Benefits

The Company sponsors a contributory defined benefit pension plan covering substantially all of its employees and provides certain health care benefits for a number of active and retired employees. In 2004, the Company made contributions of US$ 221 to pension and health care plans.

Net periodic benefit cost includes the following components:

    As of June 30, 
   
    2005   2004
     
        Health        Health 
    Pension    care    Pension    care 
    benefits    benefits    benefits    benefits 
         
 
Service cost – benefits earned during the period    70    35    66    22 
Interest on projected benefit obligation    653    231    426    169 
Expected return on plan assets    (442)   -    (300)   - 
Amortization of net (gain)/ loss    187    70    -    - 
Translation (gain)/ loss    1    (1)   (14)   (10)
Recognized actuarial loss    -    -    120    40 
         
    469    335    298    221 
Employees’ contributions       (59)   -    (49)   - 
         
Net periodic benefit cost    410    335    249    221 
         

EXCERPTS ON THIS PAGE:

6-K
Jun 28, 2006
6-K
Nov 23, 2005
6-K
Aug 25, 2005

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