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## Notes To Consolidated Financial Statements 

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The pension plan weighted-average asset allocations for the FCX and PT Freeport Indonesia plans at December 31, 2004 

and 2003, follow: 

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The FCX and FM Services Company pension plans were termi- nated in 2000 as discussed above. Therefore, the entire asset balance of $16.6 million at December 31, 2004, will be liqui- dated and any unfunded benefits will be paid after Internal Revenue Service and Pension Benefit Guaranty Corporation approval. The expected benefit payments for FCX’s SERP and director plan total $0.2 million for each year in the period 2005 through 2008, $15.4 million in 2009 and $14.4 million thereafter. The rupiah benefit payments that are expected to be paid for PT Freeport Indonesia‘s pension plan (based on a December 31, 2004, exchange rate of 9,270 Indonesian rupiah to one U.S. dollar) total $3.8 million in 2005, $3.4 million in 2006, $4.0 million in 2007, $5.1 million in 2008, $6.0 million in 2009 and $30.9 million for 2010 through 2014. Atlantic Copper’s plan is administered by a third-party insurance 

company and Atlantic Copper is not provided asset alloca- tions or benefit payment projections. 

Other Benefits.  FCX and FM Services Company also provide certain health care and life insurance benefits for retired employees. FCX and FM Services Company have the right to modify or terminate these benefits. The initial health care cost trend rate used for the other benefits was 10 percent for 2005, decreasing ratably each year until reaching 5 percent in 2010. A one-percentage-point increase or decrease in assumed health care cost trend rates would not have a significant impact on total service or interest cost. Information on the employee health care and life insurance benefits FCX and FM Services Company provide follows (in thousands): 

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