What is the cost of the payments to retired workers?
The direct cost of the pensions paid to retired workers, during 2007, was approximately US$1.0 billion. Including seniority premiums, post-mortem pensions and additional benefits total cost of the retired workers was US$1.7 billion. Considering the impact in the reserve for retirement payments, the total cost of the reserve for retirement payments, during 2007, was US$7.8 billion. This includes the effect of actuarial revisions in the reserve for retirement payments.
