EMPLOYEE BENEFITS (Tables)
|
12 Months Ended |
Dec. 31, 2022 |
Employee Benefits |
|
Schedule of actuarial employee benefit assets and liabilities |
Schedule
of actuarial employee benefit assets and liabilities | |
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Consolidated |
|
12/31/2022 |
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12/31/2021 |
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12/31/2022 |
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12/31/2021 |
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Actuarial asset |
|
Actuarial liabilities |
Benefits of pension plans |
(35,477) |
|
(59,111) |
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|
|
|
Post-employment healthcare benefits |
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|
|
|
537,290 |
|
584,288 |
|
(35,477) |
|
(59,111) |
|
537,290 |
|
584,288 |
|
Schedule of reconciliation of employee benefits' assets and liabilities |
Schedule
of reconciliation of employee benefits' assets and liabilities | |
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Consolidated |
|
12/31/2022 |
|
12/31/2021 |
|
12/31/2020 |
Present value of defined benefit obligation |
3,110,848 |
|
3,151,609 |
|
3,645,822 |
Fair value of plan assets |
(3,572,869) |
|
(3,584,244) |
|
(3,766,194) |
Surplus |
(462,021) |
|
(432,635) |
|
(120,372) |
Restriction to actuarial assets due to recovery limitation |
426,544 |
|
373,524 |
|
186,099 |
Liabilities (Assets), net |
(35,477) |
|
(59,111) |
|
65,727 |
|
Schedule of defined benefit obligation |
Schedule
of defined benefit obligation |
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Consolidated |
|
12/31/2022 |
|
12/31/2021 |
|
12/31/2020 |
Present value of obligations at the beginning of the year |
3,151,609 |
|
3,645,822 |
|
3,581,460 |
Consolidation of CSN Cimentos Brasil |
67,640 |
|
|
|
|
Cost of service |
1,225 |
|
1,253 |
|
968 |
Interest cost |
324,041 |
|
231,009 |
|
236,551 |
Participant contributions made in the year |
1,382 |
|
1,398 |
|
1,998 |
Benefits paid |
(310,471) |
|
(283,393) |
|
(278,960) |
Actuarial loss/(gain) |
(124,578) |
|
(444,480) |
|
103,805 |
Present value of obligations at the end of the year |
3,110,848 |
|
3,151,609 |
|
3,645,822 |
|
Schedule of changes in fair value of the plan assets |
Schedule
of changes in fair value of the plan assets |
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Consolidated |
|
12/31/2022 |
|
12/31/2021 |
|
12/31/2020 |
Fair value of plan assets at the beginning of the year |
(3,584,244) |
|
(3,766,193) |
|
(3,894,488) |
Consolidation of CSN Cimentos Brasil |
(63,292) |
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|
|
|
Interest income |
(369,488) |
|
(238,534) |
|
(257,946) |
Benefits Paid |
310,471 |
|
283,393 |
|
278,960 |
Participant contributions made in the year |
(1,382) |
|
(1,398) |
|
(1,998) |
Employer contributions made in the year |
(144) |
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|
|
|
Return on plan assets (less interest income) |
135,210 |
|
138,488 |
|
109,279 |
Fair value of plan assets at the end of the year |
(3,572,869) |
|
(3,584,244) |
|
(3,766,193) |
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Schedule of employee benefits recognized in the income statement |
Schedule
of employee benefits recognized in the income statement | |
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Consolidated |
|
12/31/2022 |
|
12/31/2021 |
|
12/31/2020 |
Cost of current service |
1,225 |
|
1,253 |
|
968 |
Interest cost |
324,041 |
|
231,009 |
|
236,551 |
Expected return on plan assets |
(369,488) |
|
(238,534) |
|
(257,946) |
Interest on the asset ceiling effect |
39,416 |
|
11,985 |
|
21,737 |
Total costs / (income), net |
(4,806) |
|
5,713 |
|
1,310 |
|
Schedule of actuarial gains and losses |
Schedule
of actuarial gains and losses | |
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Consolidated |
|
12/31/2022 |
|
12/31/2021 |
|
12/31/2020 |
Actuarial losses and (gains) |
(124,578) |
|
(444,480) |
|
103,805 |
Return on plan assets (less interest income) |
135,210 |
|
138,488 |
|
109,279 |
Change in the asset’s limit (excluding interest income) |
13,604 |
|
175,440 |
|
(154,741) |
Total cost of actuarial losses and (gains) |
24,236 |
|
(130,552) |
|
58,343 |
|
Schedule of breakdown of actuarial gains or losses |
Schedule
of breakdown of actuarial gains or losses |
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Consolidated |
|
12/31/2022 |
|
12/31/2021 |
|
12/31/2020 |
Loss due to change in demographic assumptions |
| |
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|
67,930 |
Loss due to change in financial assumptions |
(204,485) |
|
(647,564) |
|
(30,454) |
Loss due to experience adjustments |
79,907 |
|
203,084 |
|
66,329 |
Return on plan assets (less interest income) |
135,210 |
|
138,489 |
|
109,279 |
Change in the asset’s limit (excluding interest income) |
13,604 |
|
175,440 |
|
(154,741) |
Actuarial losses and (gains) |
24,236 |
|
(130,551) |
|
58,343 |
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Schedule of actuarial assumptions used |
Schedule of actuarial assumptions used |
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|
12/31/2022 |
|
12/31/2021 |
Actuarial financing method |
Projected unit credit |
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Projected unit credit |
Functional currency |
Real (R$) |
|
Real (R$) |
Recognition of plan assets |
Fair value |
|
Fair value |
Nominal discount rate |
Plan 35%: 6.10%
Supplementation : 6.10%
Mauá Prev: 6.10% |
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Millennium Plan: 6,95%
Plan 35%: 6,24%
Supplementation: 6,44% |
Inflation rate |
5.31% |
|
5.03% |
Nominal salary increase rate |
1.00% |
|
6.08% |
Nominal benefit increase rate |
5.31% |
|
5.03% |
Rate of return on investments |
Millennium Plan: 6.14%
Plan 35%: 6.10%
Supplementation : 6.10%
Mauá Prev: 6.10% |
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Millennium Plan: 10.71%
Plan 35%: 10.53%
Supplementation : 10.54% |
General mortality table |
Millennium Plan: AT-2012 segregated by gender
Plans 35% : AT-2000 Male, aggravated by 15%
Supplementation: AT-2000 segregated by gender, aggravated by 10%
Mauá Prev: AT-2000 segregated by gender |
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Millennium Plan: AT-2012 segregated by gender
Plans 35% : AT-2000 Male, aggravated by 15%
Supplementation: AT-2000 segregated by gender, aggravated by 10% |
Disability table |
Supplementation: Not applied
Millennium Plan: Prudential (Ferr Apos) unaggravated by 10%
Mauá Prev: Mercer Disability |
|
Supplementation: Not applied
Millennium Plan: Prudential - 10% |
Disability mortality table |
Millennium Plan: AT 71
Plans 35%: MI-2006 - 10% M&F
Supplementation: Winklevoss - 10%
Mauá Prev: IAPB-57 |
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Millennium Plan: AT 71
Plans 35%: MI-2006 - 10% M&F
Supplementation: Winklevoss - 10% |
Turnover table |
Millennium Plan 5% per year
Null for 35% Plans and Supplementation
Maua Prev: up to 10 minimum wages 20%, up to 20 minimum wages 15% and above 20 minimum wages 10% |
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Millennium Plan 5% per year
Null for 35% Plans and Supplementation |
Retirement age |
100% on the first date he/she becomes eligible for programmed retirement benefit under the plan |
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100% on the first date he/she becomes eligible for programmed retirement benefit under the plan |
Household of active participants |
95% will be married at the time of retirement, with the wife being 4 years younger than the husband |
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95% will be married at the time of retirement, with the wife being 4 years younger than the husband |
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Schedule of average life expectancy |
Schedule
of average life expectancy |
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Plan covering 35% of the average salary |
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Average salary supplementation plan |
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Mixed supplementary benefit plan (Milênio Plan) |
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Plan ACT - Mauá Prev |
Longevity at age of 65 for current participants |
12/31/2022 |
12/31/2021 |
|
12/31/2022 |
12/31/2021 |
|
12/31/2022 |
12/31/2021 |
|
12/31/2022 |
Male |
18.38 |
18.38 |
|
18.75 |
18.75 |
|
21.47 |
21.47 |
|
22.17 |
Female |
18.38 |
18.38 |
|
21.41 |
21.41 |
|
23.34 |
23.34 |
|
19.55 |
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Longevity at age of 40 for current participants |
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Male |
40.15 |
40.15 |
|
40.60 |
40.60 |
|
44.07 |
44.07 |
|
40.15 |
Female |
40.15 |
40.15 |
|
44.41 |
44.41 |
|
46.28 |
46.28 |
|
45.30 |
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Schedule of allocation of plan assets |
Schedule
of allocation of plan assets |
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12/31/2022 |
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|
12/31/2021 |
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|
12/31/2020 |
Variable income |
193,948 |
|
5.43% |
|
195,032 |
|
5.44% |
|
54,285 |
|
1.44% |
Fixed income |
3,106,206 |
|
86.94% |
|
3,127,736 |
|
87.26% |
|
3,438,735 |
|
91.31% |
Real estate |
207,223 |
|
5.80% |
|
190,474 |
|
5.31% |
|
182,145 |
|
4.84% |
Others |
65,492 |
|
1.83% |
|
71,001 |
|
1.98% |
|
91,028 |
|
2.42% |
Total |
3,572,869 |
|
100.00% |
|
3,584,243 |
|
100.00% |
|
3,766,193 |
|
100.00% |
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Schedule of sensitivity analysis |
Schedule of sensitivity analysis |
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Consolidated Effect of Plans |
Assumption: Discount rate |
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Sensitivity level |
|
0.5% |
-0.5% |
Effect on current service cost and on interest on actuarial obligations |
|
(13,628) |
14,646 |
Effect on present value of obligations |
|
(116,302) |
124,915 |
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Assumption: Salary growth |
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Sensitivity level |
|
0.5% |
-0.5% |
Effect on current service cost and on interest on actuarial obligations |
|
116 |
(108) |
Effect on present value of obligations |
|
1,148 |
(1,081) |
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Assumption: Benefit adjustment |
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|
Sensitivity level |
|
0.5% |
-0.5% |
Effect on current service cost and on interest on actuarial obligations |
|
1,728 |
(1,728) |
Effect on present value of obligations |
|
14,713 |
(14,713) |
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|
|
|
Assumption: Mortality table |
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Sensitivity level |
|
+1 ano |
- 1 ano |
Effect on current service cost and on interest on actuarial obligations |
|
8,572 |
(8,681) |
Effect on present value of obligations |
|
72,993 |
(73,913) |
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Schedule of forecast benefit payments of the defined benefit plans |
Schedule
of forecast benefit payments of the defined benefit plans |
|
|
Forecast payments |
|
2022 |
Year 1 |
|
331,781 |
Year 2 |
|
309,844 |
Year 3 |
|
301,196 |
Year 4 |
|
293,367 |
Year 5 |
|
284,533 |
Next 5 years |
|
1,286,222 |
Total forecast payments |
|
2,806,943 |
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Schedule of post-employment health care plan amounts |
Schedule
of post-employment health care plan amounts |
|
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|
|
|
|
12/31/2022 |
|
12/31/2021 |
|
12/31/2020 |
Present value of obligations |
537,290 |
|
584,288 |
|
678,880 |
Liabilities |
537,290 |
|
584,288 |
|
678,880 |
|
Schedule of reconciliation of the healthcare liabilities |
Schedule
of reconciliation of the healthcare liabilities |
|
|
|
|
|
|
12/31/2022 |
|
12/31/2021 |
|
12/31/2020 |
Actuarial liability at the beginning of the year |
584,288 |
|
678,880 |
|
892,396 |
Expenses recognized in income for the year |
57,926 |
|
42,355 |
|
57,731 |
Sponsor’s contributions transferred in prior year |
|
|
Recognition of actuarial loss/(gain) |
(42,711) |
|
(63,623) |
|
(189,907) |
Actuarial liability at the end of the year |
537,290 |
|
584,288 |
|
678,880 |
|
Schedule of actuarial gains and losses recognized in shareholders' equity |
Schedule
of actuarial gains and losses recognized in shareholders' equity | |
|
|
|
|
|
12/31/2022 |
|
12/31/2021 |
|
12/31/2020 |
Actuarial gain (loss) on obligation |
(42,711) |
|
(63,623) |
|
(189,907) |
Gain/(loss) recognized in shareholders' equity |
(42,711) |
|
(63,623) |
|
(189,907) |
|
Schedule of weighted average life expectancy |
Schedule
of weighted average life expectancy |
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|
|
|
|
12/31/2022 |
|
12/31/2021 |
|
12/31/2020 |
Longevity at age of 65 for current participants |
|
|
|
|
|
Male |
20.24 |
|
20.24 |
|
20.24 |
Female |
20.24 |
|
20.24 |
|
20.24 |
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Longevity at age of 40 for current participants |
|
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|
|
|
Male |
42.74 |
|
42.74 |
|
42.74 |
Female |
42.74 |
|
42.74 |
|
42.74 |
|
Schedule of actuarial assumptions used for calculating postemployment healthcare benefits |
Schedule
of actuarial assumptions used for calculating postemployment healthcare benefits |
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|
|
|
12/31/2022 |
|
12/31/2021 |
Biometric and Demographic |
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General mortality table |
AT 2000 segregated by gender 20% |
|
AT 2000 segregated by gender 20% |
Financial |
|
|
|
Actuarial nominal discount rate |
6.10% |
|
10.55% |
Inflation |
5.31% |
|
5.03% |
Real increase in medical costs based on age (Aging Factor) |
0,5% - 3,00% real a.a. |
|
0,5% - 3,00% real a.a. |
Nominal increase medical costs growth rate |
4.10% |
|
4.10% |
Average medical cost (Claim cost) |
1,084.14 |
|
1,011.42 |
|
Schedule of quantitative sensitivity analysis for significant assumptions |
Schedule of quantitative sensitivity analysis for significant
assumptions |
|
|
|
|
|
|
12/31/2022 |
|
|
Healthcare Plan |
|
|
Assumption: Discount rate |
Sensitivity level |
|
0.5% |
-0.5% |
Effect on current service cost and on interest on actuarial obligations |
|
489 |
(529) |
Effect on present value of obligations |
|
(17,379) |
18,672 |
|
|
|
|
|
|
Assumption: Medical Inflation |
Sensitivity level |
|
1.0% |
-1.0% |
Effect on current service cost and on interest on actuarial obligations |
|
4,923 |
(4,334) |
Effect on present value of obligations |
|
41,959 |
(36,932) |
|
|
|
|
|
|
|
Assumption: Mortality Table |
Sensitivity level |
|
+1 ano |
- 1 ano |
Effect on current service cost and on interest on actuarial obligations |
|
3,755 |
(3,556) |
Effect on present value of obligations |
|
32,004 |
(30,305) |
|
Schedule of forecast benefit payments of the postemployment healthcare plans |
Schedule
of forecast benefit payments of the postemployment healthcare plans |
|
|
|
Forecast benefit payments |
|
12/31/2022 |
|
Year 1 |
|
67,596 |
|
Year 2 |
|
64,264 |
|
Year 3 |
|
60,913 |
|
Year 4 |
|
57,523 |
|
Year 5 |
|
54,116 |
|
Next 5 years |
|
220,269 |
|
Total forecast payments |
|
524,681 |
|
|