The Brazilian Pension Funds Authority (PREVIC) convened the first 2026 meeting of the Commission for the Promotion of Closed Supplementary Pensions (COFOM) in Brasília and presented proposals from working subgroups and PREVIC for a medium- to long-term development plan for the closed supplementary pension sector. Deliberation on the package was deferred to the next COFOM meeting, scheduled for late February, with the resulting proposals to be discussed in a public hearing. The commission’s new membership includes representatives from the federal government, participants and beneficiaries, closed pension entities (EFPC) and plan sponsors or instituting entities, with the composition published in PREVIC Ordinance 1,192/2025. Topics covered include accessibility, attractiveness, efficiency, innovation and inter-cooperation across EFPC, with proposals to expand risk coverage and family plans, simplify procedures, improve communications with participants and beneficiaries, broaden financial and pension education, develop plan simulators and promote innovation including systems and artificial intelligence. PREVIC also tabled measures to increase transparency so participants can better follow the growth of their accumulated reserves, explore benefit plans for informal worker categories such as app drivers, delivery workers and self-employed individuals, and introduce plan rule clauses prioritising PREVIC’s Mediation, Conciliation and Arbitration Chamber to help reduce litigation. Next steps are a late-February COFOM deliberation followed by a public hearing on the agreed package.

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