In Brazil, the State of São Paulo has pioneered
the adoption of a complentary pension scheme
for public servants.

The primary objective of this scheme, inaugurated in December, 2011, is to guarantee long term stability in the pension system.

The Fundação de Previdência Complementar do Estado de São Paulo (Prevcom) [Foundation for Supplementary Pensions of the State of São Paulo] is the organization responsible for administrating this new system and guaranteeing secure benefits to its participants.

Upon retirement, the participant receives their basic pension plus a monthly income that will supplement this sum, paid by Prevcom based on the amount accumulated during active public service.

Our plans

The plans available in the fund are: PREVCOM RG, PREVCOM RP and PREVCOM RG-UNIS. They have been created according to the characteristics and conditions of hiring and welfare regime of each public servant in São Paulo.

PREVCOM RP

It has a defined contribution modality and is intended for public servants of the State of São Paulo in the São Paulo Regime Of Social Welfare (SPPREV). This plan is available for holders of effective positions in the state who have entered public service since 21/Jan/2013.

PREVCOM RG

Is has a defined contribution modality and is intended for all public servants/employees in the State of São Paulo in the General Regime of Social Welfare (INSS).

PREVCOM RG-UNIS

It has a defined contribution modality and is intended for all public servants/employees of the University of São Paulo (USP), São Paulo State University 'Julio de Mesquita Filho' (Unesp) and São Paulo State University of Campinas (Unicamp), in the General Regime of Social Welfare (INSS).

100% income

Should the participant earn more than the limit dictated by their pension, they may contribute by using the excess value in their salary. For each contribution made to the fund (up to a limit of 7.5%) the government of São Paulo will contribute with the same amount.

Benefits

By joining Prevcom, the participant ensures income supplementation during retirement and may also opt for extra insurance in the case of death or disability.

Risk benefits

Participants may also contract life or disability insurance on an individual basis, with options for plans appropriate to their profile. The fund's current strategic partner is Mongeral Aegon, one of the 10 largest independent insurance companies in the country and among the 10 largest insurance and pension groups in the world, represented in 20 countries.