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EMPLOYEE BENEFIT PLANS (Tables)
 12 Months Ended
Dec. 31, 2023
Disclosure of information about defined benefit plans [abstract]  
Schedule of changes in actuarial liabilities
The roll-forward of actuarial liabilities prepared based on actuarial report is set forth below:
December 31, 2023December 31, 2022
Opening balance691,424 675,158 
Interest on actuarial liabilities67,272 58,420 
Current service cost1,959 838 
Actuarial loss – experience57,765 74,794 
Actuarial loss (gain) – financial assumptions70,762 (62,563)
Exchange rate variations (577)
Benefits paid directly by entity(55,499)(54,646)
Closing balance833,683 691,424 
Schedule of key actuarial economic and biometric assumptions used in the calculations of liability
The main economic actuarial assumptions and biometric data used in the actuarial calculations are set forth below:
December 31, 2023December 31, 2022
Economic
Nominal discount rate – medical assistance and life insurance9.14 %p.a.10.07 %p.a.
Medical cost growth rate6.86 %p.a.6.86 %p.a.
Nominal inflation3.50 %p.a.3.50 %p.a.
Aging factor0 to 24 years:1.50 %p.a.0 to 24 years:1.50 %p.a.
25 to 54 years:2.50 %p.a.25 to 54 years:2.50 %p.a.
55 to 79 years:4.50 %p.a.55 to 79 years:4.50 %p.a.
Above 80 years:2.50 %p.a.Above 80 years:2.50 %p.a.
Biometric
Table of general mortalityAT-2000AT-2000
Table of mortality of disabled personsIAPB 57IAPB 57
Turnover1.00 %p.a.1.00 %p.a.
Other
Retirement age65 years65 years
Men 4 years + oldMen 4 years + old
Family composition
and 90% married
and 90% married
Permanency in the plan100 %100 %
Summary of sensitivity analysis of actuarial liabilities
The sensitivity analysis regarding the relevant assumptions of the plans show the impact on the liability balance:
Discount rateMedical costs growth rate
+0.50%852,688 +1.00%896,842 
Schedule of expected benefit obligation payments for future years
The expected benefit payments for future years (ten years), from the obligation of benefits granted and the average duration of the plan obligations are as set forth below:
PaymentsMedical
assistance and
life insurance
202450,482 
202553,893 
202657,429 
202761,010 
202864,717 
2029 to 2033376,635