EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Dec. 31, 2019


Balance at December 31, 2017		351,263
Interest on employee benefits		35,920
Actuarial loss		69,305
Benefits paid in the year		(26,061)
Balance at December 31, 2018		430,427
Business combination with Fibria (1)		147,877
Interest on employee benefits		44,496
Actuarial loss		147,640
Benefits paid in the year		(34,261)
Balance on December 31, 2019		736,179

¹⁾

Business combination with Fibria its subsidiaries held on January 3, 2019, Note 1.2.1.


	December 31,	December 31,
	2019	2018
Discount rate – medical assistance and life insurance	3.56% p.a.	4.91% p.a.
Medical cost growth rate above basic inflation	3.25% p.a.	3.25% p.a.
Economic inflation	3.50% p.a.	4.00% p.a.
Biometric table of general mortality	AT-2000	AT-2000
Biometric table of mortality of disable persons	IAPB 57	IAPB 57
Retirement age	65 years	65 years
Family composition	90% married Men 4 years + old	90% married Men 4 years + old
Turnover	1.00% p.a.	1.00% p.a.
Permanency in the plan	100%	100%
Aging factor	0 to 24 years: 1.50% p.a 25 to 54 years: 2.50% p.a 55 to 79 years: 4.50% p.a Above 80 years: 2.50% p.a	0 to 24 years: 1.50% p.a 25 to 54 years: 2.50% p.a 55 to 79 years: 4.50% p.a Above 80 years: 2.50% p.a

The Company made the sensitivity analysis regarding the relevant assumptions of the plans on December 31, 2019, as set forth below: