Petrobras on the New Private Pension Plan

Source: 10/1/2020, Location: South America

Petrobras, further to the notice published on December 18, 2018, hereby announces that, after adjustments made to the regulations of the Petros 3 Plan (PP3), its Board of Directors resolved to submit the new plan proposal for analysis of the Secretariat for Coordination and Governance of State-Owned Companies (SEST) and the National Private Pension Superintendence (PREVIC).

PP-3 will be a private pension option exclusively aimed to voluntary and timely migration of the participants of and those assisted by Petrobras Renegotiated and Non-Renegotiated Petrobras System’s Petro plans (PPSP-R and PPSP-NR), both of them created after the 1970s.

Prior to being actually created, the new plan will also undergo a technical and administrative feasibility study that can only be concluded after definition of the number of participants that will have chosen PP-3.

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