Result of Banco do Brasil’s employee pension fund reverses surplus of R $ 9.8 billion of 2023
A, (employee pension box), ended the year 2024 with a deficit of R $ 17.66 billion in Plan 1. In 2023, the Social Security Foundation closed the year with an accumulated surplus of R $ 14.5 billion, which partly compensated for the result of 2024, which had a negative final balance of R $ 3.16 billion.
The results for the 12 months of 2024, released on Thursday (13.mar.2025), were deficit because of “challenging scenario ” Of the year, according to the president of the entity, João Fukunaga, in a message to the members.
“Due to the challenging scenario we face last year, with a strong oscillation in the stock markets and the opening of the interest curve impacting fixed income, the accumulated result of 2024 in plane 1 is deficit: R $ 3.2 billion ”these.
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The variable income portfolio in plan 1 by 2024 had a 12%deficit. Fixed income investments recorded 8.1% in gains. Plan 1 yielded 1.5%against the actuarial target, established in December 2019, which is 9.7%.
Fukunaga highlighted the immunization of the liability “moving SUFFER ”Made by the entity since 2012 to reduce exposure to the risks of variable income, increasing the fixed income share in the plan 1 portfolio.
Previ disinchanted R $ 4.6 billion in variable income and sold its participation in 57 companies, according to Fukunaga. In addition, it invested about $ 12 billion in federal government securities.
Still, according to the Poder360PREVI is the pension fund compared to other similar planes. There are 28.8% of investments in shares against 6.2% of the federal economic Caixa fund, and 5.5% of Petrobras.
PREVI reported in February 2025 that it has been reducing the participation of stock investments since the early 2000s. But it pointed out that it does not intend to sell actions to accelerate the process, because it would result in loss.
Created in 1967, Plan 1 operates in the defined benefit mode and currently has 106,757 associates, of which 3% are among the economically active population and 97% are retired and pensioners. It is intended for employees of Banco do Brasil who joined the institution until 1997.
Previ’s management is that of the (Federal Court of Audit), which investigates the fund’s losses in 2024.
The entity says that there was no damage, only below -expected profitability. However, the information it presents to the public about the investments.
In the message to members, Fukunaga pointed out that the entity’s assets in plan 1 is $ 239.43 billion and that, therefore, the deficit represents “a very small percentage”In front of the cashier.
“The oscillation we experience from 2023 to 2024 is common and even expected in pension funds, even in the most mature ”, stated, adding that “2024 deficit has already begun to be reversed ”. According to Previ, January 2025 had a surplus of R $ 1.3 billion in plan 1.
In 2024, Fukunaga was the subject of questions about his qualification to assume the management of Previ. At the time, the TCU considered that in the process that led the unionist to the presidency of the entity.
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