Brazilian Pension Funds Authority (PREVIC) approved amendments to the rules of the Sectoral Cooperative Pension Plan, administered by Quanta Previdência Cooperativa, allowing it to implement automatic enrolment for an instituted plan under National Complementary Pension Council (CNPC) Resolution 63. The decision was formalised by PREVIC Ordinance No. 1,102 and represents PREVIC’s first approval of automatic enrolment for a participant-funded instituted plan. The plan was established in 2018 and has 1,492 participants and beneficiaries, with BRL 25.9 million in pension assets; the instituting entities are Confederação Nacional das Cooperativas Centrais Unicred LTDA, AILOS Cooperative Central Credit and Quanta Previdência Cooperativa. CNPC Resolution 60 introduced automatic enrolment for sponsored plans in 2024, while CNPC Resolution 63 extended it to instituted plans and allowed collective automatic enrolment of existing workers already contracted before adoption of the mechanism. Where provided for in the plan rules, implementation requires at least a 60-day campaign before payroll deductions begin, a tool enabling early opt-out during the campaign, and the ability to reverse automatic enrolment up to 120 days after enrolment with repayment of contributions made; PREVIC noted it has already approved similar rule changes for 27 entities and 36 sponsored benefit plans.

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