The Brazilian Pension Funds Authority (PREVIC), together with the Brazilian Federal Revenue Service (RFB) and the Superintendence of Private Insurance (SUSEP), issued a joint normative instruction amending the procedures for providing contribution-history information when pension portability transfers are received for participants who joined a plan from 2005 onwards, for the purpose of choosing the plan’s tax regime. The update extends the timetable for entities to obtain and transmit the required historical information. Closed supplementary pension entities (EFPC) must request from the originating entity the information needed to calculate the accumulation period for received portability transfers in defined contribution (CD) and variable contribution (CV) plans by 16 January 2026 where there is only one portability transfer (a single originating entity). Where there is more than one portability transfer prior to the reception of funds in the current plan, the deadline is 15 January 2027. In the case of a withdrawal (resgate), the administering entity must formalise the request simultaneously to all entities it knows were involved in prior portability transfers. The extended deadlines follow requests from entities that were unable to meet the original three-month deadline, which ended in May.

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