Brazilian Pension Funds Authority (PREVIC) has placed Instituto GEIPREV de Seguridade Social, a closed pension entity (EFPC), under a Special Intervention Regime for an initial 180 days, effective 29 September, to safeguard the rights and assets of its 328 participants and beneficiaries. The measure was approved by PREVIC’s Collegiate Board on 23 September and implemented via Ordinance PREVIC 905/2025. The intervention was prompted by a confirmed economic and financial imbalance that rendered the entity’s Administrative Management Plan (Plano de Gestão Administrativa, PGA) unsustainable. Supervisory auditors identified warning signs in 2022 regarding the PGA’s economic viability, liquidity and solvency, and after around three years of supervisory proceedings and multiple determinations the entity did not present a consistent, structured action plan with defined deadlines, targets and responsibilities capable of restoring viability.
Brazilian Pension Funds Authority (PREVIC) 2025-09-29
Brazilian Pension Funds Authority orders 180-day special intervention in Instituto GEIPREV to protect 328 plan members
The Brazilian Pension Funds Authority (PREVIC) has placed Instituto GEIPREV de Seguridade Social under a Special Intervention Regime for 180 days, effective 29 September, to protect the rights and assets of its 328 participants. This decision follows the identification of economic and financial imbalances in the entity's Administrative Management Plan, which failed to present a viable recovery strategy despite supervisory proceedings since 2022.