Investor Presentaiton
The defined benefit obligation and the plan assets, by country, are as
follows:
Present value of the obligation
Fair value of plan assets
Present value of non-financial obligations
Impact of the minimum requirement of the funds/asset ceiling
2021
2020
Brazil
202
Europe
16
North
America Uruguai
North
South
Total Brazil Europe
798
1,016
48
17
(68)
(1,011)
(1,079)
(59)
America
869
(1,006)
America Colombia
Total
357
1,291
(199)
(1,264)
134
16
(213)
(63)
(11)
17
(137)
158
27
78
302
4
384
77
267
4
348
27
27
10
10
161
94
89
4
348
(1)
94
130
158
385
The
actuarial
assumptions used
were
as
follows:
Discount rate
Inflation rate
Future salary increases
Increases in future pension plans
2021
2020
Brazil Europe
8.55% 12.55%
3.25% 9.93%
2.82% 8.00%
3.25%
North South
America America
2.50% 10.02%
2.00%
North
South
0.00% 0.00%
Total Brazil Europe
8.41% 6.88% 8.40%
5.06% 4.00% 3.90%
5.41% 2.77% 8.00%
3.92% 4.00%
America America Colombia
2.50% 12.28% 6.50% 7.31%
2.50% 0.00% 0.00% 2.60%
2.50% 8.28%
4.31%
3.50% 3.75%
Total
(c) Post-employment benefits (pension and health care)
The Company operates post-employment health care plans through in-
direct subsidiaries in North America, VCNA, and in Europe, VCEAA. The
accounting method, assumptions and frequency of evaluations are similar
to those used for the defined benefit pension plans. Most of these plans
are not funded.
The obligations relating to these plans are included in the movement of the
defined benefit obligations previously presented.
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