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EMPLOYEE BENEFIT PLANS
6 Months Ended
Jun. 30, 2022
EMPLOYEE BENEFIT PLANS  
EMPLOYEE BENEFIT PLANS

21.EMPLOYEE BENEFIT PLANS

The Company offers supplementary pension plan and defined benefit plan, such as medical assistance and life insurance. The characteristics of such benefits were disclosed in the annual financial statements for the year ended December 31, 2021 (Note 21), which did not change during the six-month period ended June 30, 2022.

21.1.Pension plan

Contributions made by the Company, for Suzano Prev pension plan managed by BrasilPrev, for the six-month period ended June 30, 2022 amounted R$7,308 (R$6,706 as of June 30, 2021) recognized in under cost of sales, selling and general and administrative expenses.

21.2.Defined benefits plan

The Company offers medical assistance and life insurance in addition to the pension plans, which are measured by actuarial calculation and recognized in the unaudited condensed consolidated interim financial information.

The rollforward of actuarial liability prepared based on actuarial report, is set forth below:

Balance on December 31, 2020

    

785,045

Interest on actuarial liabilities

55,849

Actuarial gain

(119,642)

Exchange rate variation

37

Benefits paid

(46,131)

Balance on December 31, 2021

675,158

Interest on actuarial liabilities

29,616

Exchange rate variation

(107)

Benefits paid

(29,154)

Balance on June 30, 2022

675,513