The Brazilian Pension Funds Authority (PREVIC) published its 2024 Management Report, providing an overview of its supervisory actions and consolidated data on the closed supplementary pension sector. The report covers defined benefit (BD), defined contribution (CD) and variable contribution (CV) plans holding pension reserves for four million participants and beneficiaries, or 8.2 million people including dependents. Across BD, CD and CV plans, contributions received increased 5.28% in 2024 to BRL 41.85bn (from BRL 39.75bn in 2023). The regime’s average annual return in December 2024 was 6.10%, with BD plans returning 5.69% and CD and CV plans returning 7.01% and 6.32%; Superintendent Ricardo Pena said PREVIC will keep monitoring whether performance remains consistent with investment guidelines amid market volatility. The report also highlights the Federal Court of Accounts’ validation of PREVIC Resolution 23 (Acórdão 964), which it says provided legal certainty for the concepts of Regular Management Act and Risk-Based Supervision, and notes Law 14.803/2024 allowing participants to choose their taxation regime when requesting a first withdrawal or benefit. It records the issuance of PREVIC Resolution 25/2024 updating Resolution 23 after a public consultation that received 10,396 suggestions, stakeholder work on draft texts for a new presidential decree updating Decree 4,942/2003 on the sanctioning regime (now with the Civil House) and updated investment guidelines later deliberated by the National Monetary Council on 27 March (CMN Resolution 5,202/2025), plus the creation of participative commissions (CMAR, CNA and Cofom) and operational metrics including 40 new staff expected to take office by May, BRL 3,698,267 of infrastructure investment (up 88.4%), and 2,449 ombudsman cases in 2024.

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