Comportamentos estranhos com cursores aninhados oracle

and employee_id = employee_id

CREATE OR REPLACE PROCEDURE sp_run_employee_updates (p_date IN DATE) IS
    update_sql varchar2(4000);
    first_update boolean;

    CURSOR c_employees IS
        SELECT DISTINCT employee_id
        FROM bi_employee_update
        WHERE effective_date = p_date
        AND executed = 'N' 
        AND activity_id = '0';

    CURSOR c_updates(cp_employee_id bi_employee_update.employee_id%TYPE) IS
        SELECT *
        FROM bi_employee_update
        WHERE effective_date = p_date
        AND executed = 'N' 
        AND activity_id = '0'
        AND employee_id = cp_employee_id
        FOR UPDATE;

BEGIN
    -- loop around all employees with pending records
    FOR r_employee IN c_employees LOOP
        -- reset the update_sql variable to its base
        update_sql :=  'UPDATE BI_EMPLOYEE SET ';
        -- reset the flag so we only add the comments etc. on the first record
        first_update := true;

        -- loop around all pending records for this employee
        FOR r_update IN c_updates(r_employee.employee_id) LOOP
            -- add the comments etc., only for the first update we see
            if first_update then
                update_sql := update_sql
                    || ' comments = ''' || r_update.comments || ''','
                    || ' updated_by = ''' || r_update.changed_by  || ''','
                    || ' updated_on  = ''' || r_update.changed_on ||  ''','
                    || ' effective_date = ''' || r_update.effective_date  || '''';  
                first_update := false;
            end if;

            -- add the field/value from this record to the variable
            update_sql := update_sql || ', '
                || r_update.column_name || ' = ''' || r_update.new_value || '''' ; 

            -- mark this update as executed
            UPDATE bi_employee_update
            SET executed = 'Y'
            WHERE CURRENT OF c_updates;

        END LOOP;

        -- apply this update to the bi_employee record
        update_sql := update_sql || ' WHERE emp_id = ' || r_employee.employee_id;

        DBMS_OUTPUT.PUT_LINE(update_sql);
        EXECUTE IMMEDIATE update_sql; 
    END LOOP;
END sp_run_employee_updates;