The Brazilian Pension Funds Authority (PREVIC) met Brazil’s Minister of Social Security, Wolney Queiroz, to present key advances, demands and obstacles in developing the closed supplementary pension system, in the first supervision and monitoring meeting of the minister’s term. The discussion highlighted PREVIC’s priority regulatory updates and the minister’s intention to institutionalise closer monitoring of affiliated agencies and strengthen internal governance functions. PREVIC identified as its main demand an update to the sanctions regime under Decree 4,942/2003, describing it as urgent to provide legal certainty for decision-making; the draft decree has completed internal procedures and is with the Civil House, and the minister said he will support publication with the Presidency. Other priorities included updating National Complementary Pension Council Resolution 30/2018 on deficit and surplus to better balance required timelines and reduce recovery plans when drivers are cyclical, pursuing a technical cooperation agreement with the Federal Court of Accounts to address overlapping supervision for the 27 closed pension funds (EFPC) with federal public sponsorship, and forming a working group with the Ministries of Social Security and Science and Technology to develop a generative AI tool for internal processes while maintaining information security. PREVIC also pointed to recent advances, including PREVIC Resolution 23/2023 consolidating guidance and rules for EFPC, contributing the base text for the update of National Monetary Council Resolution 4,994/2022 via Resolution 5,202/2025, and resuming Risk-Based Supervision and the Ato Regular de Gestão framework. It cited contributions to Law 14,803/2024 on choosing the tax regime at first withdrawal or benefit receipt and to National Complementary Pension Council Resolutions 59 to 62 covering sponsorship withdrawal, automatic enrolment, valuation of federal government securities and the Administrative Management Plan.

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