Infrastructure Ministry forms agreement to solve problem of Portus pension fund deficit

Last Thursday (March 26), the Infrastructure Ministry concluded an agreement to remedy the deficit in the Portus pension fund, which serves 10,000 participants from dock companies across the country. The proposal has already been sent to the unions involved and to the Attorney General’s Office (AGU). The agreement is expected to be acted upon starting in April.

Currently, Portus has a deficit of R $ 3.3 billion. The proposal foresees an investment of approximately R$1.7 billion by sponsors (dock companies). Participants, in turn, will pay part of their responsibility through the suspension of the death benefit to the beneficiaries; a 100% discount on the net annual bonus (thirteenth); and freezing of the nominal amount paid as a retirement supplement. The proposal was prepared by the ministry in partnership with the National Superintendency of Complementary Welfare (Previc). After evaluation by the unions, it was presented and approved by the sectors and is to be signed as an agreement.

Portus was created in 1979 by the defunct Portobrás (holding company that centralized the administration of Brazilian ports), with the objective of supplementing the social security benefits of port workers. Due to financial deficits, it suffered intervention. The fund even ran the risk of liquidation, a measure that led the Ministry of Infrastructure, the sponsors and unions to come up with the current proposal.

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