The Brazilian Pension Funds Authority (PREVIC) issued an ordinance approving amendments to the rules of the Vale Mais plan administered by Fundação Vale do Rio Doce de Seguridade Social (Valia), allowing more than 90,000 active members, retirees and pensioners to receive amounts linked to the distribution of 50% of a surplus funded through a sponsor reserve. The approved distribution totals BRL 210 million. Retirees and pensioners will receive the amounts via payroll, while active members will receive the distribution as a credit to their account balances. For active members, the credit will be applied uniformly at 2.52% of each member’s account balance, and for retirees and pensioners receiving lifetime income, the payment will be 4.43 times the net benefit amount. PREVIC linked the outcome to a mediation process run by its Mediation, Conciliation and Arbitration Chamber (CMCA/PREVIC) since August 2023, involving Valia, Aposvale, sponsoring entities linked to Vale, and Anapar, and noted that the plan had recorded a surplus for three consecutive financial years, enabling the distribution.
Brazilian Pension Funds Authority (PREVIC) 2025-05-23
Brazilian Pension Funds Authority approves Valia plan rule changes enabling BRL 210 million surplus distribution to over 90,000 members
The Brazilian Pension Funds Authority (PREVIC) approved amendments to the Vale Mais plan, allowing over 90,000 members to receive a share of a BRL 210 million surplus. Active members will receive a 2.52% credit to their account balances, while retirees and pensioners will receive payments 4.43 times their net benefit. This decision follows mediation involving Valia and other stakeholders, with the plan recording a surplus for three consecutive years.