Article: Brazil: Cedae" pension fund under intervention.

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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