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Article: Brazil: Cedae" pension fund under intervention.
- Article from:
- South American Business Information
- Article date:
- March 11, 2001
CopyrightCOPYRIGHT 2001 COMTEX News Network, Inc. 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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Brazil, Mar 9, 2001
The pension fund Prece, held by the employees of Cedae (Companhia Estadual de Aguas e Esgotos do Rio de Janeiro) is under intervention due to the delay on the onlends to the sponsor contributions fund. Cedae" total debts with Prece is of R$225mil. The fund has 13,586 members and a net worth of R$618mil. According to SPC (Secretaria de Previdencia Complementar) Cedae has been delaying the ...
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