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Pf targets amapá pension fund in banco master scandal
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The Federal Police launched an operation against Amprev, the Amapá public servants' pension fund, over irregular investments in Banco Master, liquidated for frauds. The entity's president-director, appointed by Senate President Davi Alcolumbre, was targeted in searches. The action highlights political connections in the scandal costing billions to public coffers.
More retirees are choosing to withdraw their occupational pensions quickly. At the same time life expectancy is rising which may leave them without funds later.
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The Senate Economic Affairs Committee approved the summons of Minister Wolney Queiroz to explain audits of pension funds linked to Banco Master. The request was filed by Senator Renan Calheiros and also includes the Previc director.
The Social Security System will roll out the second phase of a three-year pension increase for retirement, disability, and survivors' pensions starting in September 2026, without raising contribution rates.
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The Nigerian government has designated 2025 as the Year of Retirement Security for Pensioners, aiming to address key concerns in the pension sector.