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Employee Benefits and Private Pension Plan (Tables)
 12 Months Ended
Dec. 31, 2018
Text block [abstract]  
Post-employment benefits

The amounts related to such benefits were determined based on a valuation conducted by an independent actuary and reviewed by management as of December 31, 2018.

 

     12/31/2018      12/31/2017  

Health and dental care plan (1)

      112,628        99,767  

Indemnification of FGTS

      83,781        81,831  

Seniority bonus

      37,397        40,254  

Life insurance (1)

      16,009        15,671  
  

 

 

     

 

 

  

Total

      249,815        237,523  
  

 

 

     

 

 

  

Current

      45,655        30,059  

Non-current

      204,160        207,464  

 

(1) 

Only IPP and CBLSA.
Changes in provision for post-employment benefits

Changes in the present value of the provision for post-employment benefits are as follows:

 

     12/31/2018     12/31/2017  

Opening balance

      237,523       144,751  

Current service cost

      6,092       7,664  

Interest cost

      21,466       15,754  

Actuarial (gains) losses from changes in actuarial assumptions

      7,934       36,120  

Benefits paid directly by Company and its subsidiaries

      (23,604 )      (11,368 ) 

Opening balance CBL S.A. (see Note 3.c)

      —         44,478  

Exchange rate from foreign subsidiaries

      404       124  
  

 

 

    

 

 

  

Ending balance

      249,815       237,523  
  

 

 

    

 

 

  
Post-employment benefit expense

The expense of the year is presented below:

 

     2018      2017      2016  

Health and dental care plan

      9,559        164        3,065  

Indemnification of FGTS

      11,159        14,828        9,068  

Seniority bonus

      5,460        6,883        4,455  

Life insurance

      1,380        1,543        1,586  
  

 

 

     

 

 

     

 

 

  

Total

      27,558        23,418        18,174  
  

 

 

     

 

 

     

 

 

  
Significant actuarial assumptions adopted

Economic factors

    12/31/2018
% p.a.		      12/31/2017
% p.a.		  

Discount rate for the actuarial obligation at present value

      9.00        9.51  

Average projected salary growth rate

      7.85        8.38  

Inflation rate (long term)

      4.00        4.50  

Growth rate of medical services

      8.16        8.68  
Sensitivity analysis

12/31/2018

                            

Assumption

    Change in
assumptions		      Decrease in
liability		      Change in
assumptions		      Increase in
liability		  

Discount rate

      increase by 1.0 p.p        17,500        decrease by 1.0 p.p        20,547  

Wage growth rate

      decrease by 1.0 p.p        2,127        increase by 1.0 p.p        2,344  

Medical services growth rate

      decrease by 1.0 p.p        12,002        increase by 1.0 p.p        14,201  

12/31/2017

                            

Assumption

    Change in
assumptions		      Decrease in
liability		      Change in
assumptions		      Increase in
liability		  

Discount rate

      increase by 1.0 p.p        10,237        decrease by 1.0 p.p        11,690  

Wage growth rate

      decrease by 1.0 p.p        2,807        increase by 1.0 p.p        3,103  

Medical services growth rate

      decrease by 1.0 p.p        3,837        increase by 1.0 p.p        4,413