Company: SUZ
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001628280-25-020368
Chunk: 252

Company: Suzano S.A.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 19
Chunk 252
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 relationship.

Contributions made by the Company, for Suzano Prev pension plan managed by Brasilprev Seguros e Previdência S. A., for the year ended December 31, 2024 amounted R$ 21,719 18,342

21.2 Defined benefits plan

The Company offers the medical assistance and life insurance in addition to the pension plans, which are measured based on actuarial calculations and recognized in the financial statement, as detailed below.

21.2.1 Medical assistance

The Company guarantees healthcare program cost coverage for a group of former employees who retired up to 2007, as well as their spouses for life and underage dependents.

For other groups of former employees, who exceptionally, according to the Company’s criteria and resolutions or based on rights related to compliance with pertinent legislation, the Company ensures the healthcare program.

The main actuarial risks related are: (i) lower interest rates; (ii) longer than expected mortality tables; (iii) higher than expected turnover; and (iv) higher than expected growth in medical costs.

21.2.2 Life insurance

The Company offers the life insurance benefit to the group of former employees who retired up to 2005 at the Suzano and São Paulo administrative offices, and did not opt for the supplementary retirement plan.

The main actuarial risks are: (i) lower interest rates; and (ii) higher than expected mortality.

  F-77  

Table of Contents

21.2.3 Roll-forward of actuarial liability

The roll-forward of actuarial liabilities prepared based on actuarial report is set forth below:

                                                     12/31/2024                      12/31/2023                 
  Opening balance                                                       833,683                        691,424  
  Interest on actuarial liabilities                                      73,853                         67,272  
  Current service cost                                                    1,997                          1,959  
  Actuarial loss – experience                        ( 125)                                             57,765  
  Actuarial loss (gain) – financial assumptions                      ( 137,649)                         70,762  
  Benefits paid directly by entity                                    ( 50,199)                      ( 55,499)  
  Closing balance                                                       721,560      833,683                    

21.2.4 Economic actuarial assumptions and biometric data

                                                                     12/31/2024                      12/31/2023                  
  Economic                                                                                                                       
  Nom