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Post-employment Benefits | 12 Months Ended
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Dec. 31, 2023
Notes and other explanatory information [abstract] |
Post-employment Benefits |
| 22. | Post-employment Benefits
The Company sponsors private retirement and pension plans (Unified Plan and Plan III) and Healthcare Plan for medical and dental care ("ProSaúde II" and "ProSaúde III" Plans) for their active employees and their legal dependents. The lifetime sponsorship of the Healthcare Plan for retirees, pensioners and legal dependents is only applied to "ProSaúde II" plan participants. Fundação Copel de Previdência e Assistência is the entity that manages these plans.
| 22.1 | Pension plan
The Unified Plan is a Defined Benefit plan - BD in which the income is predetermined, according to each individual's salary. This plan is closed for new participants since 1998. The Plan III, the only plan available for new participants, is a Variable Contribution - CV plan in the contributory phase and, after retirement, it becomes a Defined Benefit - BD plan.
| 22.2 | Healthcare Plan
The Company allocates resources for the coverage of healthcare expenses incurred by their employees and their dependents, within rules, limits and conditions set in "ProSaúde II" and "ProSaúde III" Plans' regulations. Coverage includes periodic medical exams in both plans and is extended to all retirees and pensioners for life only in the "ProSaúde II" plan.
| 22.3 | Statement of financial position and statement of income
Amounts recognized in liabilities, under post-employment benefits, are summarized below:
Schedule of liabilities under post-employment benefit |  |
| 12.31.2023 | 12.31.2022
Pension plans | 426 | 949
Healthcare plans | 1,483,817 | 1,069,088
| 1,484,243 | 1,070,037
Current | 85,833 | 73,814
Noncurrent | 1,398,410 | 996,223
Amounts recognized in the statement of income are shown below:
Schedule of post-employment benefits recognized in the statement of income |  |  |
|  | Restated | Restated
| 12.31.2023 | 12.31.2022 | 12.31.2021
Employees |  |  |
Pension plans | 55,320 | 52,980 | 56,454
Healthcare plan - post employment | 128,652 | 138,921 | 115,587
Healthcare plan - active employees | 74,546 | 66,912 | 69,556
| 258,518 | 258,813 | 241,597
Management |  |  |
Pension plans | 1,441 | 1,236 | 1,300
Healthcare plan | 200 | 148 | 122
| 1,641 | 1,384 | 1,422
| 260,159 | 260,197 | 243,019
| 22.4 | Changes in post-employment benefits
Schedule of changes in post-employment benefits |
Balance as of January 1, 2022 | 1,295,174
Appropriation of actuarial calculation | 140,293
Appropriation of pension and healthcare contributions | 127,878
Actuarial gains and losses | (291,742)
Amortizations | (201,566)
Balance as of December 31, 2022 | 1,070,037
Appropriation of actuarial calculation | 130,126
Appropriation of pension and healthcare contributions | 139,701
Actuarial losses (a) | 379,126
Amortizations | (225,421)
Reclassification (b) | (9,326)
Balance as of December 31, 2023 | 1,484,243
(a) Losses arising mainly from the reduction in the discount rate, increase in medical costs and expected variation of the obligation by the current service cost and interest cost.
(b) Reclassification to Liabilities classified as held for sale (Note 39). |
| 22.5 | Actuarial valuation in accordance with IAS 19
| 22.5.1 | Actuarial assumptions
The actuarial assumptions used to determine the amounts of liabilities and costs are shown below:
Schedule of actuarial assumptions |  |  |  |
Consolidated |  | 2023 |  | 2022
| Real | Nominal | Real | Nominal
Economic |  |  |  |
Inflation p.a. | - | 3.00% | - | 5.10%
Expected rate of discount/return p.a. |  |  |  |
Unified Plan - Defined Benefit | 5.33% | 8.49% | 6.10% | 11.51%
Unified Plan - Balance | 5.36% | 8.52% | 6.12% | 11.53%
Plan III | 5.37% | 8.53% | 6.13% | 11.54%
Assistance Plan | 5.48% | 8.64% | 6.13% | 11.54%
Salary growth/medical costs |  |  |  |
Unified Plan p.a. | 1.00% | 4.03% | 0.00% | 5.10%
Plan III p.a. | 1.00% | 4.03% | 1.00% | 6.15%
Assistance Plan - Aging Factor | 3.30% | - | 3.30% | -
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
| 22.5.2 | Number of participants and beneficiaries
Schedule of participants and beneficiaries |  |  |  |  |  |
Consolidated | Social Security Plans |
| Unified Plan | Plan III | Assistance Plan
| 12.31.2023 | 12.31.2022 | 12.31.2023 | 12.31.2022 | 12.31.2023 | 12.31.2022
Number of active participants | 10 | 10 | 5,806 | 6,031 | 5,687 | 5,775
Number of Inactive participants | 4,115 | 4,170 | 5,379 | 5,369 | 8,857 | 9,059
Number of dependent people | - | - | - | - | 19,925 | 20,867
Total | 4,125 | 4,180 | 11,185 | 11,400 | 34,469 | 35,701
| 22.5.3 | Life expectancy after the average age of participants - Annuity Table AT-2000 (in years)
The average age of inactive participants of the healthcare and pension plans is 68.55 and 69.08 years, respectively.
Schedule of life expectancy |  |
Consolidated | Unified Plan | Plan III
As of December 31, 2023 |  |
Retired participants | 12.73 | 21.35
Pensioner participants | 13.99 | 24.67
As of December 31, 2022 |  |
Retired participants | 19.60 | 23.42
Pensioner participants | 12.48 | 25.97
| 22.5.4 | Actuarial evaluation
Based on the revision of the assumptions, as of December 31, 2023, the amounts of the Unified Plan and Plan III totaled a surplus of R$795,930 and R$83,613, respectively (R$595,847 and R$74,421, as of December 31, 2022). Applicable ruling legislation does not allow any significant reduction in contributions or refunds to the Company based on the current surplus of these plans. For this reason, the Company did not record assets in its balance sheet as of December 31, 2023, reflecting any right to reduce contributions, refund of surplus or other amounts.
Schedule of actuarial evaluation |  |  |  |  |
Consolidated | Unified Plan | Plan III | Assistance Plan | 12.31.2023 | 12.31.2022
Total liabilities or partially covered | 6,416,085 | 3,820,011 | 1,657,687 | 11,893,783 | 10,721,838
Fair value of the plan assets | (7,212,015) | (3,903,624) | (173,870) | (11,289,509) | (10,323,018)
Plan coverage status | (795,930) | (83,613) | 1,483,817 | 604,274 | 398,820
Unrecognized asset | 795,930 | 83,613 | - | 879,543 | 670,268
| - | - | 1,483,817 | 1,483,817 | 1,069,088
The Company adjusted their assistance liabilities through the actuarial report issued on December 31, 2023, as presented in the Statements of Comprehensive Income.
| 22.5.5 | Changes in actuarial liabilities
Schedule of changes in actuarial liabilities |  |  |
Consolidated | Unified Plan | Plan III | Assistance Plan
Present value of net actuarial obligations as of January 1, 2022 | 6,145,601 | 3,337,093 | 1,491,118
Cost of services | 169 | 2,018 | 6,172
Cost of interest | 673,724 | 364,901 | 155,389
Benefits paid | (523,792) | (264,096) | (342)
Actuarial (gain) losses | (266,172) | 17,621 | (417,566)
Present value of net actuarial obligations as of December 31, 2022 | 6,029,530 | 3,457,537 | 1,234,771
Cost of services | 16,650 | 6,343 | 6,878
Cost of interest | 700,272 | 397,091 | 141,877
Benefits paid | (539,728) | (272,585) | (55,014)
Actuarial (gain) losses | 210,135 | 251,260 | 338,499
Discontinued Operations balance adjustments | (774) | (19,635) | (9,324)
Present value of net actuarial obligations as of December 31, 2023 | 6,416,085 | 3,820,011 | 1,657,687
| 22.5.6 | Changes in actuarial assets
Schedule of changes in actuarial assets |  |  |
Consolidated | Unified Plan | Plan III | Assistance Plan
Fair value of the Plan's assets as of January 1, 2022 | 6,799,255 | 3,347,204 | 196,909
Return estimated for assets | 743,845 | 274,486 | 26,390
Contributions and distributions | 29,808 | 151,606 | -
Benefits paid | (523,792) | (264,096) | -
Actuarial gain (losses) | (423,739) | 22,758 | (57,616)
Fair value of the Plan's assets as of December 31, 2022 | 6,625,377 | 3,531,958 | 165,683
Return estimated for assets | 769,613 | 410,062 | 18,629
Contributions and distributions | 23,868 | 9,709 | 54,782
Benefits paid | (539,728) | (272,584) | (54,782)
Actuarial gain (losses) | 333,728 | 244,140 | (10,442)
Discontinued Operations balance adjustments | (843) | (19,661) | -
Fair value of the Plan's assets as of December 31, 2023 | 7,212,015 | 3,903,624 | 173,870
| 22.5.7 | Estimated costs
The estimated net periodic plan costs (income) for 2024 for each plan are shown below:
Schedule of estimated net periodic plan costs (gains) |  |  |
Consolidated | Unified Plan | Plan III | Assistance Plan
Cost of current service | (17,705) | 10,105 | 8,100
Estimated cost of interest | 590,697 | 321,264 | 140,975
Expected return on plan assets | (591,774) | (321,683) | (15,030)
Costs (income or loss) | (18,782) | 9,686 | 134,045
In view of the current surplus of pension plans, the Company will not record the estimated revenues and costs presented in the table above for the Unified Plan and Plan III, in accordance with legislation that does not allow for reductions in contributions or reimbursements to the Company.
| 22.5.8 | Sensitivity analysis
The following table demonstrates the effect of changes to significant actuarial assumptions. The presentation of this sensitivity analysis was adjusted in relation to the year 2022 to reflect the variations that, in the Company's understanding, are more likely to occur.
Schedule of sensitivity analysis |  |
Consolidated | Projected scenarios
| Increase by 0.5% | Decrease in 0.5%
Sensitivity of long-term interest rate |  |
Impacts on the obligations of the pension | 9,807,900 | 10,702,169
Impacts on the obligations of healthcare program | 1,546,250 | 1,782,375
Sensitivity of growth rate of the medical costs |  |
Impacts on the obligations of healthcare program | 1,784,147 | 1,544,008
Impact on cost of service for the following financial year of healthcare program | 8,460 | 6,595
Sensitivity of the service cost |  |
Impacts on the obligations of the pension | 13,493 | 14,269
Impacts on the obligations of healthcare program | 6,625 | 8,429
| 22.5.9 | Benefits payable
The estimated benefits to be paid in the next five years and the total benefits for the following fiscal years are shown below:
Schedule of benefits payable |  |  |  |
Consolidated | Unified Plan | Plan III | Assistance Plan | Total
2024 | 543,355 | 281,414 | 54,858 | 879,627
2025 | 641,006 | 284,173 | 76,250 | 1,001,429
2026 | 568,053 | 291,233 | 73,728 | 933,014
2027 | 565,786 | 298,255 | 81,300 | 945,341
2028 | 573,042 | 305,107 | 89,233 | 967,382
2029 a 2053 | 11,639,282 | 8,327,621 | 5,126,994 | 25,093,897
| 22.5.10 | Asset allocation and investment strategy
The asset allocation for the pension and healthcare plans at the end of 2023 and the allocation goal for 2024, by asset category, are shown below:
Schedule of asset allocation for pension and healthcare plans |  |
Consolidated | Goal for 2024 (*) | 2023
Fixed income | 79.1% | 77.2%
Variable income | 4.9% | 5.3%
Loans | 1.3% | 1.2%
Real estate | 3.6% | 5.6%
Investment structuring | 8.8% | 8.7%
Investments abroad | 2.4% | 2.0%
| 100.0% | 100.0%
In addition, information on the allocation of assets of pension plans sponsored by the Company:
Schedule of pension plan assets |  |  |  |
Consolidated | Unified Plan | Plan III
| target (%)(*) | minimum (%) | target (%) | minimum (%)
Fixed income | 89.5% | 60.0% | 70.0% | 48.0%
Variable income | 3.0% | 2.0% | 8.0% | 3.0%
Loans | 0.5% | 0.0% | 2.0% | 0.0%
Real estate | 2.5% | 0.0% | 1.0% | 0.0%
Investment structuring | 4.5% | 0.0% | 15.0% | 0.0%
Investments abroad | 0.0% | 0.0% | 4.0% | 0.0%
(*) Target 2023. |  |  |  |
Management of Fundação Copel decided to keep a more conservative approach investing in variable income in relation to the allowed legal limit, which is 70%.
| 22.5.11 | Additional information
The Company made contributions to Plan III (variable contribution plan) for all active employees on December 31, 2023 and 2022, in the amounts of R$70,203 and R$72,353, respectively.

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