Active workers, retirees and pensioners linked to pension funds may have to pay, as of 2023, extra amounts to cover the account deficit in 2021. Closed pension entities managed to leave discussions on the subject for the first half of 2023.
On December 14, the CNPC (National Council for Complementary Pensions) approved the creation of a working group to define how the payment of these deficits will be implemented. Board members will have 90 days to nominate members and substitutes for these discussion groups.
In 2022, closed pension funds tried to postpone the compensation of the deficit, but the CNPC approved that only the losses generated by investment in public bonds should be postponed.
Abrapp (association of entities) estimates that 75.8% of investments made by plan administrators are in fixed income, of which less than 20% are public securities. The entity calculates that at least 136 plans need equations to cover R$ 20.4 billion shortfall for 2021.
Since 2018, supplementary pension funds are required to create equalization plans in the year following the year in which there was a deficit. In 2021, fluctuations in stock markets and interest rates would contribute to the bad results.
Joana Cunha with Fernanda Brigatti
I have over 10 years of experience working in the news industry. I have worked for several different news organizations, including a large news website like News Bulletin 247. I am an expert in the field of economics and have written several books on the subject. I am a highly skilled writer and editor, and have a strong knowledge of social media. I am a highly respected member of the news industry, and my work has been featured in many major publications.
