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Article: New Rules For Investments Of Brazilian Pension Plans.
- Article from:
- Mondaq Business Briefing
- Article date:
- October 27, 2009
CopyrightCOPYRIGHT 2009 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Brazilian Pension Plans are occupational pension plans, organized as closed entities, used to finance private pension benefits, structured in the form of pension funds and sponsored by corporations. This type of Pension Plan in Portuguese is denominated "Entidade Fechada de Previdencia Complementar- EFPC" (Closed Entity of Complementary Security). They can offer defined contribution (DC) pension benefits or defined benefit (BF) type pension benefits. These Pension Plans are not-for-profit organizations by definition and are ruled by a special Government Agency, the Secretariat of Complementary Security ("Secretaria da Previdencia Complementar - SPC") under the Ministry of ...