BCB Resolution No. 581 — Discloses Amendments to the Regulation of the Health Assistance Program for Bank of Brazil Servants – PASBC

BCB RESOLUTION NO. 581, OF JULY 1, 2026

Discloses amendments to the Regulation of the Health Assistance Program for Bank of Brazil Servants – PASBC.

The Collegiate Board of the Central Bank of Brazil, using its attributions, based on art. 11, main text , item III, clause “b”, of the Internal Regulations of the Central Bank of Brazil, annexed to BCB Resolution No. 340, of September 21, 2023, on art. 15, § 4º, of Law No. 9,650, of May 27, 1998, and on Vote 83/2026–BCB, of July 1, 2026,

R E S O
L V E :

Art. 1º
The Regulation of the Health Assistance Program for Bank of Brazil Servants – PASBC, annexed to BCB Resolution No. 415, of September 24, 2024, shall enter into force with the following alterations:

“CHAPTER

VII-A
OF

ECONOMIC-FINANCIAL
SUSTAINABILITY

OF

PASBC

Art.
60-A.
This Chapter establishes the guidelines for the constitution of a contingency reserve and for the economic-financial monitoring within the scope of PASBC , with the aim of strengthening governance, sustainability and transparency in the management of the program.” (NR)

“Section I
Of the
Contingency Reserve

Art.
60-B. The Contingency Reserve is intended to ensure financial coverage of eventual insufficiencies between contributions and PASBC assistance expenses, derived from structural or conjunctural imbalances, being calculated according to the following formula:

RC = FIC × DespAssist (24)

Where:

I

• RC
  is the
  Contingency Reserve;

II

• FIC
  is the
  Factor of
  Insufficiency of
  Counter-performance; and

III

• DespAssist (24)

is the total of the assistance expenses of the last twenty-four months.

§
1º The FIC will be calculated according to the following formula:

FIC = (DespAssist (24) / Cont (24)) - 1

Where:

I - DespAssist (24)

is the total of the assistance expenses of the last twenty-four months; and

II - Cont (24) is the total of the contributions of the participants and of the Central Bank of Brazil of the last twenty-four months, excluding extraordinary contributions.

§

2º

When the
FIC presents a negative value, no Contingency Reserve will be constituted.” (NR)

“Art.
60-C. The positive result ascertained in the annual balance sheet of PASBC will be destined to the constitution of a Contingency Reserve, becoming part of the Net Worth of the program.

§
1º The portion of the positive result ascertained in the annual balance sheet of PASBC that exceeds the Contingency Reserve will be destined to the Accumulated Results account.

§
2º If the positive result in the annual balance sheet of PASBC is not sufficient for the constitution of the Contingency Reserve, any existing balance in the Accumulated Results account will be reversed to constitute the said reserve.

§
3º If the balance of the Contingency Reserve on the balance sheet date is higher than the amount ascertained in the period based on the methodology established in art. 60-B, the excess balance will be destined to the Accumulated Results account.

§
4º

The initial constitution of the Contingency Reserve will be carried out through the reversal of the balance of the Accumulated Results account.” (NR)

“Art.
60-D. The negative result ascertained in the annual balance sheet of PASBC will be covered, successively, through:

I
- reduction of
Accumulated Results; and II - reversal of the Contingency Reserve.”

(NR)

“Art.

60-E.

The constitution of other reserves may be assessed and approved by the Management Committee, through technical justification and observance of applicable accounting standards.” (NR)

“Section II
Of the economic and financial monitoring

Subsection I
Of the
Reference Net Worth

Art.
60-F. The Reference Net Worth represents the minimum amount of Net Worth that PASBC must maintain, excluding the Contingency Reserve, to ensure stability and economic-financial sustainability, considering the structural and operational risks associated with the functioning of the program, being ascertained according to the following formula:

PLR = CMR × (1 + ISdef)

Where:

I - PLR

is the
Net Worth of
Reference;

II - CMR is the Minimum Capital based on Risks; and

III - ISdef is the
Defined
Sufficiency Index.

§

1º

The
Minimum Capital based on Risks corresponds to the minimum capital required based on the main risks inherent to the operation of PASBC, with conceptual foundation in the standard model of the National Health Supplementary Agency – ANS, especially regarding the following risk factors:

I - Underwriting Risk, which considers uncertainties related to the estimates of technical provisions and pricing (mismatches between contributions and assistance expenses);

II - Credit Risk, related to the probability of the counterparty of an operation, or of an issuer of debt, not honor, totally or partially, its financial commitments, or to have its credit risk classification altered;

III - Market Risk, associated with exposure to losses resulting from the volatility of asset prices that may impact economic-financial results; and

IV - Operational Risk, including Legal Risk, referring to potential losses derived from failures in processes, systems, people or non-compliance with legal requirements.

§
2º The calculation of the Minimum Capital based on Risks will take as reference parameters, weighting factors and methodologies provided for in the prudential regulation of ANS, with the due adaptations to the operational, budgetary and institutional reality of PASBC, not applying in an automatic or binding way the normative provisions of the regulatory agency.

§
3º The Defined Sufficiency Index corresponds to the prudential parameter, comprised between zero and one, established annually by the Management Committee based on a technical recommendation of the Fiscal Council, formulated preferably until the month of September of the previous fiscal year, and will be used for the sizing of the Reference Net Worth.

§

4º

The
Accounting, Budget and Financial Execution Department – Deafi will be responsible for ascertaining quarterly the Reference Net Worth and the Minimum Capital based on Risks and providing the results to Depes for the purpose of analysis and of monitoring of capital sufficiency.” (NR)

“Art.
60-G.

Capital insufficiency will be characterized when the Net Worth of PASBC, deducting the Contingency Reserve, is lower than the Reference Net Worth, calculated in accordance with this Regulation.

§
1º The negative difference between the Net Worth of PASBC, deducting the Contingency Reserve, and the Reference Net Worth indicates the need for capital coverage, and Depes must register this condition in a technical report, with the identification of the value required for capital recomposition.

§
2º The technical report must be sent to the Fiscal Council, for assessment regarding capital sufficiency and risks to stability and

to the economic-financial sustainability of PASBC.

§

3º

Once capital insufficiency is characterized, the Management Committee must assess the suggestions of structural measures for risk mitigation, such as revision of the contribution model or other adjustments of actuarial or financial nature, based on the information provided by Depes and by the Fiscal Council.

§
4º If the suggestions of structural measures are considered unsatisfactory to promote the capital recomposition of the program, the Management Committee, in an exceptional manner, may deliberate on the need for an extraordinary capital injection and send to Depes a proposal for inclusion of a request for budgetary appropriation for such purpose.” (NR)

“Subsection

II
Of the prudential assessment

Art.

60-H.

The

Calculated

Sufficiency

Index

is a

prudential assessment indicator that measures the capacity of the Net Worth of PASBC to support the assistance risks of the program against the Reference Net Worth, being ascertained according to the following formula:

ISCcalc = PLA / PLR

Where:

I - ISCcalc

is the

Index of Calculated Sufficiency;

II - PLA

is the

Adjusted Net Worth; and III - PLR

is the

Net Worth

of

Reference.

§
1º PLA corresponds to the Net Worth of PASBC deducted from the Contingency Reserve, ascertained according to the methodology established in this Regulation.

§

2º

The

values

of

the

Index

of

Calculated

Sufficiency

lower than

one, or

in clear trend of decline over

the

years,

indicate

potential

insufficiency

patrimonial

frente

ao

Capital

Mínimo

basedo

em

Riscos,

devendo

tal

situação

ser

destacada

nos

relatórios

técnicos

do

Depes.

§

3º

The

Index

of

Calculated

Sufficiency

will be

ascertained

quarterly

by

the

Deafi

and

sent to

Depes

for

analysis

and

providences.

§

4º

The

Index

of

Calculated

Sufficiency

will be

used

as

reference

for

the

establishment

of

the

annual

Index

of

Defined

Sufficiency.”

(NR)

“Art.

60-I.

The

following

prudential

attention

triggers

should

be

monitored,

with

the

view

to

the

reevaluation

of

the

patrimonial

sufficiency

and

to

the

eventual

adoption

of

preventive

measures:

I
-

the

growth

of

assistance

expenses,

ascertained

up

to

the

reference

month,

in

relation

to

the

cumulative

in

the

same

period

of

the

previous

fiscal

year;

and

II

-

the

identification

of

relevant

risks

or

events

of

an

extraordinary

nature

with

potential

patrimonial

impact,

ascertained

by

the

Depes,

by

the

Fiscal

Council

and

by

the

Management

Committee

of

PASBC.

Sole

Paragraph.

The

monitoring

of

the

triggers

referred

to

in

the

main

text

will

be

carried

out

quarterly

by

Depes.”

(NR)

“Art.

67.

…………………………………………………………………………………............................................

.....................................................................................................................................................

XV -

assess

the

patrimonial

sufficiency

and

the

risks

to

the

stability

and

to

the

sustainability

economic-

financial

of

PASBC
;

XVI -

propose,

when

necessary,

corrective

measures

or

of

improvement,

including

revision

of

the

funding

model

or

constitution

of

additional

reserves;

and

XVII -

elaborate

and

send

to

the

Fiscal

Council

and

to

the

Management

Committee

a

technical

report

with

the

analyses

and

the

recommendations

related

to

the

monitoring

of

the

patrimonial

sufficiency

of

PASBC.

.......................................................................................................................................”

(NR)

“Art.

68.

.....................................................................................................................................

.....................................................................................................................................................

XIII -

assess,

annually

or

whenever

necessary,

the

pertinence

of

revision

of

the

contribution

model

based

on

the

patrimonial

situation

and

on

the

analyses

of

sufficiency;

XIV -

request

from

Depes

the

inclusion

of

a

budgetary

appropriation

for

extraordinary

injections

destined

to

the

recomposition

of

the

capital,

when

thus

permitted

by

this

Regulation;

XV -

establish

complementary

guidelines

directed

towards

the

improvement

of

the

reserve

policy

and

of

the

mechanisms

of

monitoring

of

the

patrimonial

sufficiency;

and

XVI -

determine,

based

on

a

recommendation

of

the

Fiscal

Council,

the

level

of

the

Index

of

Defined

Sufficiency

to

be

observed

in

the

subsequent

fiscal

year,

for

the

purposes

of

calculation

of

the

Reference

Net

Worth

of

PASBC.

.......................................................................................................................................”

(NR)

“Art.

70.

..................................................................................................................................

.................................................................................................................................................

V -

appreciate

the

technical

reports

presented

by

Depes,

including

the

analyses

relative

to

the

monitoring

of

the

patrimonial

sufficiency

of

PASBC;

VI -

propose

adjustments

or

improvements

in

the

practices

of

prudential

evaluation;

VII -

realize:

a)

in

the

first

half

of

each

fiscal

year,

as

soon

as

the

financial

statements

of

PASBC

are

approved,

the

analysis

of

the

patrimonial

sufficiency

of

the

program,

considering

the

current

Net

Worth

and

the

Reference

Net

Worth;

and

b)

in

the

second

half

of

each

fiscal

year,

preferably

until

the

month

of

September,

assess

the

level

of

reference

of

the

Index

of

Defined

Sufficiency

to

be

observed

in

the

fiscal

year

following,

which

should

be

situated

between

zero

and

one,

serving

as

a

technical

parameter

for

the

calculation

of

the

Reference

Net

Worth

of

PASBC,

in

the

terms

of

this

Regulation;

and

VIII -

send

its

recommendations

and

its

opinions

to

the

Management

Committee,

for

knowledge

and

deliberation

regarding

the

providences

suitable

and

for

the

final

definition

of

the

Index

of

Defined

Sufficiency.”

(NR)

Art. 2º
The items I and VIII of the main text of art. 68 of the Regulation of PASBC, annexed to BCB Resolution No. 415, of September 24, 2024, are hereby revoked.

Art. 3º
This Resolution enters into force on the date of its publication.

RODRIGO ALVES
TEIXEIRA
Director of
Administration