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Post-Employment Obligations (Tables)
12 Months Ended
Dec. 31, 2024
Post-employment Obligations  
Schedule of Deficit Pension Fund Equalization

 

Deficit of pension fund 2019

Deficit of pension fund 2020

Deficit of pension fund 2021

Start of consignment

 

May, 2021

 

 

April, 2022

 

 

In process

 

Total amount requested by Forluz

 

R$160

 

 

R$252

 

 

R$670

 

Amount considering contribution parity

 

R$80

 

 

R$126

 

 

R$335

 

Number of parcels

 

166

 

 

158

 

 

159

 

Remuneratory interest

 

IPCA + 6%

 

 

IPCA + 5.7%

 

 

IPCA + 5.51%

 

Balance deposited on December 31, 2024

 

R$38

 

 

R$42

 

 

R$56

 

Schedule of Consolidated Actuarial Information

 

Pension plans and retirement supplement plans

 

Health plan

 

Dental plan

 

Dec. 31, 2024

Present value of obligations

10,501

 

2,559

 

 45

 

 13,105

Fair value of plan assets

 (8,947)

 

-

 

-

 

(8,947)

Initial net liabilities

 1,554

 

2,559

 

 45

 

4,158

Adjustment to asset ceiling

148

 

-

 

-

 

148

Net liabilities in the statement of financial position

 1,702

 

2,559

 

 45

 

4,306

Schedule of Changes in Present Value of Defined Benefit Obligation

 

Pension plans and retirement supplement plans

 

Health plan

 

Dental plan

 

Total

Defined-benefit obligation at December 31, 2021

12,026

 

3,469

 

 66

 

 15,561

Cost of current service

2

 

16

 

-

 

 18

Past service cost (1)

(4)

 

-

 

-

 

(4)

Interest on actuarial obligation

 1,224

 

 361

 

7

 

1,592

Actuarial losses (gains):

 

 

 

 

 

 

 

Due to changes in demographic assumptions

(7)

 

 (1)

 

-

 

(8)

Due to changes in financial assumptions

(857)

 

 (305)

 

(6)

 

(1,168)

Due to adjustments based on experience

106

 

(20)

 

(3)

 

 83

 

(758)

 

 (326)

 

(9)

 

(1,093)

Benefits paid

 (1,086)

 

 (206)

 

(4)

 

(1,296)

Defined-benefit obligation at December 31, 2022

11,404

 

3,314

 

 60

 

 14,778

Cost of current service

 -

 

11

 

-

 

 11

Past service cost (2)

 -

 

(55)

 

(1)

 

 (56)

Interest on actuarial obligation

 1,276

 

 370

 

7

 

1,653

Actuarial losses (gains):

 

 

 

 

 

 

 

Due to changes in demographic assumptions

 -

 

26

 

1

 

 27

Due to changes in financial assumptions

754

 

 232

 

4

 

990

Due to adjustments based on experience

(125)

 

 (673)

 

 (14)

 

(812)

 

629

 

 (415)

 

(9)

 

205

Benefits paid

 (1,093)

 

 (218)

 

(4)

 

(1,315)

Defined-benefit obligation at December 31, 2023

12,216

 

3,007

 

 53

 

 15,276

Cost of current service

1

 

 6

 

-

 

7

Interest on actuarial obligation

 1,055

 

 262

 

5

 

1,322

Actuarial losses (gains):

 

 

 

 

 

 

 

Due to changes in demographic assumptions

 -

 

 (1)

 

-

 

(1)

Due to changes in financial assumptions

 (1,883)

 

 (556)

 

(9)

 

(2,448)

Due to adjustments based on experience

232

 

38

 

(1)

 

269

 

 (1,651)

 

 (519)

 

 (10)

 

(2,180)

Benefits paid

 (1,120)

 

 (197)

 

(3)

 

(1,320)

Defined-benefit obligation at December 31, 2024

10,501

 

2,559

 

 45

 

 13,105

 

(1)

Due to the alterations made in the Collective Work Agreement for 2021-23, for offer and payment of life insurance for the employees and former employees, the Company understood that the post-retirement benefit in question had been entirely canceled, and as a result wrote down the balance of the obligation, remeasured using the revised actuarial assumptions.

(2)

Relating to the changes in the conditions of Plan B for requesting the Enhancement of Retirement for Length of Contribution, Special or Age - MAT (Melhoria de Aposentadoria por Tempo de Contribuição, Especial ou or Idade).

 

Schedule of Changes in Fair Value of Plan Assets

 

 

Pension plans and retirement supplement plans

Fair value of the plan assets at December 31, 2021

 

9,378

Return on investments

 

633

Contributions from employer

 

272

Benefits paid

 

 (1,085)

Fair value of the plan assets at December 31, 2022

 

9,198

Return on investments

 

1,464

Contributions from employer

 

313

Benefits paid

 

 (1,093)

Fair value of the plan assets at December 31, 2023

 

9,882

Return on investments

 

 (54)

Contributions from employer

 

239

Benefits paid

 

 (1,120)

Fair value of the plan assets at December 31, 2024

 

8,947

Schedule of Changes in Net Liabilities

 

Pension plans and retirement supplement plans

 

Health plan

 

Dental plan

 

Total

Net liabilities at December 31, 2021

 2,670

 

3,469

 

 66

 

6,205

Expense recognized in Statement of income

285

 

 378

 

7

 

670

Past service cost

(4)

 

 -

 

 -

 

(4)

Contributions paid

(272)

 

 (206)

 

(4)

 

(482)

Actuarial gains (losses)

(361)

 

 (327)

 

(8)

 

(696)

Net liabilities at December 31, 2022

 2,318

 

3,314

 

 61

 

5,693

Expense recognized in Statement of income

280

 

 381

 

7

 

668

Past service cost

 -

 

(55)

 

(1)

 

 (56)

Contributions paid

(313)

 

 (218)

 

(5)

 

(536)

Actuarial gains (losses)

 72

 

 (415)

 

(9)

 

(352)

Net liabilities at December 31, 2023

 2,357

 

3,007

 

 53

 

5,417

Expense recognized in Statement of income

214

 

 269

 

5

 

488

Contributions paid

(239)

 

 (197)

 

(4)

 

(440)

Actuarial gains (losses)  (1)

(630)

 

 (519)

 

 (10)

 

(1,159)

Net liabilities at December 31, 2024

 1,702

 

2,560

 

 44

 

4,306

 

 

 

 

 

 

 

 

 

 

 

 

 

Dec. 31, 2024

 

Dec. 31, 2023

Current liabilities 

 

 

 

 

233

 

329

Non-current liabilities

 

 

 

 

4,073

 

5,088

 

(1)

The reduction of liabilities is, essentially, due to the changes in the actuarial assumptions used. There is more information below in this note.

Schedule of Income Statement

The amounts recognized in 2024, 2023 and 2022 statement of income 

 

 

Pension plans and retirement supplement plans

 

Health plan

 

Dental plan

 

Total

Current service cost

1

 

 6

 

-

 

7

Interest on the actuarial obligation

 1,055

 

 262

 

5

 

1,322

Expected return on the assets of the Plan

(842)

 

-

 

-

 

(842)

Expense in 2024

214

 

 268

 

5

 

487

 

 2023

Pension plans and retirement supplement plans

 

Health plan

 

Dental plan

 

Total

Current service cost

-

 

11

 

-

 

11

Past service cost

-

 

(55)

 

(1)

 

(56)

Interest on the actuarial obligation

1,276

 

370

 

7

 

1,653

Expected return on the assets of the Plan

(1,004)

 

-

 

-

 

(1,004)

Expense in 2023

272

 

326

 

6

 

604

 

 

Pension plans and retirement supplement plans

 

Health plan

 

Dental plan

 

Total

Current service cost

2

 

16

 

-

 

18

Past service cost

(4)

 

-

 

-

 

(4)

Interest on the actuarial obligation

1,224

 

361

 

7

 

1,592

Expected return on the assets of the Plan

(941)

 

-

 

-

 

(941)

Expense in 2022

281

 

377

 

7

 

665

Schedule of Independent Actuaries Estimate for Expense Amount

 

Pension plans and retirement supplement plans

 

Health plan

 

Dental plan

 

Total

Current service cost

1

 

 4

 

-

 

5

Interest on the actuarial obligation

 1,222

 

 301

 

5

 

1,528

Expected return on the assets of the Plan

 (1,012)

 

-

 

-

 

(1,012)

Expense in 2025 according to actuarial calculation

211

 

 305

 

5

 

521

Schedule of Expectation for Payment of Benefits

 

Pension plans and retirement supplement plans

 

Health plan

 

Dental plan

 

Total

Estimated payment of benefits

 1,158

 

 210

 

4

 

1,372

Schedule of Assumptions

Effects on the defined-benefit obligation

Pension plans and retirement supplement plans

 

Health plan

 

Dental plan

 

Total

Reduction of one year in the mortality table

257

 

45

 

1

 

303

Increase of one year in the mortality table

(237)

 

(46)

 

(1)

 

(284)

Reduction of 1% in the discount rate

826

 

 238

 

4

 

1,068

Increase of 1% in the discount rate

(719)

 

 (219)

 

(4)

 

(942)

Schedule of Average Periods of Obligations Under Benefit Plans

Pension plans and retirement supplement plans

 

 

 

 

Plan A

 

Plan B

 

Health plan

 

Dental plan

8.68

 

10.71

 

10.60

 

10.60

Schedule of main categories of plan assets

The main categories of plan assets are as follows:

 

 

2024

 

2023

Shares

1,076

 

1,339

Fixed income securities

6,560

 

7,475

Real estate property

479

 

440

Others

832

 

628

Total

8,947

 

9,882

Schedule of Measured at Fair Value

The following assets measured at fair value, are related to the Company and are not considered plan assets. According to the requirement of the standards, the amount are presented for informational purposes:

 

 

2024

 

2023

Non-convertible debentures issued by the Company

53

 

96

Shares issued by the Company

226

 

4

Real estate properties of the Foundation, occupied by the Company

3

 

275

 

282

 

375

Schedule of Actuarial Assumptions

 

Pension plans and retirement supplement plans

 

Health plan and Dental plan

 

Pension plans and retirement supplement plans

 

Health plan and Dental plan

Annual discount rate for present value of the actuarial obligation

12.30%

 

12.23%

 

9.03%

 

9.07%

Annual expected return on plan assets

12.30%

 

Not applicable

 

9.03%

 

Not applicable

Long-term annual inflation rate

4.50%

 

4.50%

 

3.50%

 

3.50%

Estimated future annual salary increases

4.50%

 

Not applicable

 

3.50%

 

Not applicable

General mortality table

AT-2000 S10% by sex

 

AT-2000 M&F S10% D20%

 

AT-2000 S10% by sex

 

AT-2000 M&F S10% D20%

Disability table

Not applicable

 

Not applicable

 

Not applicable

 

Not applicable

Disabled mortality table

AT-83 IAM Male

 

MI-85 Female

 

AT-83 IAM Male

 

MI-85 Female

Real growth of contributions above inflation

-

 

1%

 

-

 

1%