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23 Post-Employment Benefits (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of liabilities under post-employment benefits

Amounts recognized in liabilities, under Post-employment benefits, are summarized below:


	12.31.2019	12.31.2018
Pension plans	1,537	1,149
Healthcare plans	1,193,399	967,614
	1,194,936	968,763
Current	66,004	58,478
Noncurrent	1,128,932	910,285

Schedule of post-employment benefits recognized in the statement of income

Amounts recognized in the statement of income are shown below:

	12.31.2019	12.31.2018	12.31.2017
Employees
Pension plans	72,067	78,209	78,680
Healthcare plan - post employment	99,578	97,866	97,511
Healthcare plan - active employees	87,515	86,580	81,617
(-) Transfers to construction in progress	(22,394)	(20,630)	(21,901)
	236,766	242,025	235,907
Management
Pension plans	1,450	1,598	1,500
Healthcare plan	110	127	190
	1,560	1,725	1,690
	238,326	243,750	237,597

Schedule of changes in post-employment benefits

23.4 Changes in post-employment benefits

Balance as of January 1, 2018	866,103
Appropriation of actuarial calculation	97,900
Appropriation of pension and healthcare contributions	151,215
Adjustment related to actuarial gains (loss)	58,354
Amortizations	(204,809)
Balance as of December 31, 2018	968,763
Appropriation of actuarial calculation	99,578
Appropriation of pension and healthcare contributions	138,974
Adjustment related to actuarial gains	186,628
Amortizations	(199,007)
Balance as of December 31, 2019	1,194,936

Schedule of actuarial assumptions

The actuarial assumptions used to determine the amounts of liabilities and costs for 2019 and 2018 are shown below:


		2019		2018
	Real	Nominal	Real	Nominal
Economic
Inflation p.y.	-	2.90%	-	4.00%
Expected rate of discount/return p.y.
Unified Plan - Defined Benefit	3.05%	6.04%	4.60%	8.78%
Unified Plan - Balance	3.20%	6.19%	4.60%	8.78%
Plan III	3.20%	6.19%	4.60%	8.78%
Assistance Plan	3.30%	6.30%	4.60%	8.78%
Salary growth
Unified Plan p.y.	1.00%	3.93%	2.00%	6.08%
Plan III p.y.	1.50%	4.44%	1.50%	5.56%
Demographic
Mortality Table		AT - 2000		AT - 2000
Mortality table of individuals with permanent disability		WINKLEVOSS		WINKLEVOSS
Table of new disability benef it vested		TASA 1927		TASA 1927

Schedule of participants and beneficiaries

23.5.2 Number of participants and beneficiaries

	Social Security Plans
	Unified Plan		Plan III		Assistance Plan
	12.31.2019	12.31.2018	12.31.2019	12.31.2018	12.31.2019	12.31.2018
Number of active participants	27	33	7,647	8,180	6,963	7,427
Number of Inactive participants	4,337	4,368	4,324	3,843	8,433	8,174
Number of dependent people	-	-	-	-	22,183	22,472
Total	4,364	4,401	11,971	12,023	37,579	38,073

Schedule of life expectancy

23.5.3 Life expectancy after the average age of participants - Annuity Table AT-2000 (in years)

	Unified Plan	Plan III
As of 12.31.2019
Retired participants	13.13	25.84
Pensioner participants	8.40	25.84
As of 12.31.2018
Retired participants	14.37	22.74
Pensioner participants	15.68	27.21

Schedule of actuarial evaluation

the Company did not record assets in its balance sheet as of December 31, 2019, reflecting any right to reduce contributions, refund of surplus or other amounts.


	Unified Plan	Plan III	Assistance Plan	12.31.2019	12.31.2018
Total liabilities or partially covered	6,638,462	3,046,536	1,389,610	11,074,608	9,201,030
Fair value of the plan assets	(7,546,756)	(3,137,754)	(196,211)	(10,880,721)	(8,642,068)
Plan coverage status	(908,294)	(91,218)	1,193,399	193,887	558,962
Unrecognized asset	908,294	91,218	-	999,512	408,652
	-	-	1,193,399	1,193,399	967,614

Schedule of changes in actuarial liabilities

23.5.5 Changes in actuarial liabilities

	Unified Plan	Plan III	Assistance Plan
Present value of net actuarial obligations as of January 1, 2017	4,951,078	1,565,121	933,914
Cost of services	329	10,502	9,225
Cost of interest	563,257	176,878	105,987
Benefits paid	(406,023)	(122,841)	(7)
Actuarial (gain) losses	244,253	104,908	(13,162)
Present value of net actuarial obligations as of December 31, 2017	5,352,894	1,734,568	1,035,957
Cost of services	589	9,604	11,633
Cost of interest	533,201	195,991	102,916
Benefits paid	(414,256)	(133,281)	(7)
Actuarial (gain) losses	442,336	338,779	(9,894)
Present value of net actuarial obligations as of December 31, 2018	5,914,764	2,145,661	1,140,605
Cost of services	560	4,098	14,306
Cost of interest	477,732	128,075	106,004
Benefits paid	(435,454)	(174,427)	(30)
Actuarial (gain) losses	680,860	943,129	128,725
Present value of net actuarial obligations as of December 31, 2019	6,638,462	3,046,536	1,389,610

Schedule of changes in actuarial assets

23.5.6 Changes in actuarial assets

	Unified Plan	Plan III	Assistance Plan
Fair value of the Plan's assets as of January 1, 2017	5,478,802	1,793,516	165,301
Return estimated for assets	546,699	202,691	23,934
Contributions and distributions	30,520	10,505	-
Benefits paid	(406,023)	(122,841)	-
Actuarial gain (losses)	184,574	(62,816)	(18,312)
Fair value of the Plan's assets as of December 31, 2017	5,834,572	1,821,055	170,923
Return estimated for assets	593,572	230,703	16,579
Contributions and distributions	24,011	9,184	-
Benefits paid	(414,256)	(133,281)	-
Actuarial gain (losses)	252,942	250,575	(14,511)
Fair value of the Plan's assets as of December 31, 2018	6,290,841	2,178,236	172,991
Return estimated for assets	685,685	337,476	51,541
Contributions and distributions	23,851	4,185	-
Benefits paid	(435,454)	(174,427)	-
Actuarial gain (losses)	981,833	792,284	(28,321)
Fair value of the Plan's assets as of December 31, 2019	7,546,756	3,137,754	196,211

Schedule of estimated net periodic plan costs (gains)

The estimated net periodic plan costs (gains) for 2020 for each plan are shown below:

	Unified Plan	Plan III	Assistance Plan
Cost of current service	765	4,037	20,854
Estimated cost of interest	405,370	183,865	85,561
Expected return on plan assets	(449,905)	(183,026)	(12,066)
Expected employee contributions	(187)	(2,018)	-
Costs (income or loss)	(43,957)	2,858	94,349

Schedule of sensitivity analysis

The following tables set out a sensitivity analysis, which shows the effect of a one percent increase or decrease in the assumed care costs, in the aggregate of the cost of service and cost of interest components and the accumulated post-employment benefit obligation.

	Projected scenarios
	Increase by 1%	Decrease in 1%
Sensitivity of long-term interest rate
Impacts on the obligations of the pension	(249,719)	253,420
Impacts on the obligations of healthcare program	(120,756)	122,130
Sensitivity of growth rate of the medical costs
Impacts on the obligations of healthcare program	96,823	(90,471)
Impact on cost of service for the following financial year of healthcare program	1,439	(1,344)
Sensitivity of the service cost
Impacts on the obligations of the pension	39	(40)
Impacts on the obligations of healthcare program	1,788	(1,808)

Schedule of benefits payable

The estimated benefits to be paid by the Company in the next five years and the total benefits for the following fiscal years are shown below:

	Unified Plan	Plan III	Assistance Plan	Total
2020	429,228	158,427	82,813	670,468
2021	418,133	154,433	86,125	658,691
2022	406,885	149,999	85,451	642,335
2023	395,134	145,567	83,826	624,527
2024	383,511	141,302	81,965	606,778
2025 a 2049	4,016,371	2,011,843	1,091,223	7,119,437

Schedule of asset allocation for pension and healthcare plans

The asset allocation for the Company pension and healthcare plans at the end of 2019 and the allocation goal for 2020, by asset category, are shown below:

	Goal for 2020	2019
Fixed income	70.4%	82.2%
Variable income	9.1%	7.8%
Loans	1.6%	1.6%
Real estate	7.2%	1.4%
Investment structuring	8.9%	7.1%
Investments abroad	2.8%	0.0%
	100.0%	100.0%

Schedule of fund management limits

In addition, information on the allocation of assets of pension plans sponsored by the Company:


	Unified Plan		Plan III
	*target (%)()**	minimum (%)	target (%)	minimum (%)
Fixed income	86.5%	55.0%	51.0%	23.0%
Variable income	5.0%	1.0%	14.0%	8.0%
Loans	0.5%	0.0%	3.0%	1.0%
Real estate	5.0%	1.0%	10.0%	0.0%
Investment structuring	3.0%	0.0%	16.0%	0.0%
Investments abroad	0.0%	0.0%	6.0%	0.0%
(*) Target based on the total investment of each plan.

Schedule of pension plan assets

As of December 31, 2019, and 2018, the pension plan assets included the following securities issued by Copel:

	Unified Plan		Plan III
	12.31.2019	12.31.2018	12.31.2019	12.31.2018
Debentures	-	-	-	4,166
Shares	-	5	-	13
	-	5	-	4,179