Brazil’s Largest Pension Fund Posts R$12.5B Surplus After 2024 Loss

2026-03-16 - 10:23

Key Points — Previ, Banco do Brasil’s pension fund and Brazil’s largest, closed 2025 with a R$12.5 billion ($2.2 billion) accumulated surplus after generating R$15.7 billion ($2.8 billion) in the year — The result reverses a R$3.2 billion ($570 million) deficit from 2024, with Plan 1 returning 16.8% versus an 8.8% actuarial target, driven by