Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 165

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 165
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ros do Sistema Petrobras Not Renegotiated (the “PPSP-NR”) – Defined
                     Benefit type, closed to new members.                 
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–                                       Plano                                    
    Petros do Sistema Petrobras Renegotiated Pré-70– Defined Benefit type, closed
                                   to new members.                               
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–                                         Plano                                      
    Petros do Sistema Petrobras Not Renegotiated Pré-70– Defined Benefit type, closed
                                     to new members.                                 
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–                                     Plano                                  
    Petros -2 (the “PP-2”) – Variable Contribution type, open to new members.
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–                                     Plano                                  
    Petros-3 (the “PP-3”) – Defined Contribution type, closed to new members.
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 Together, these plans cover 96% of our employees, considering that only one plan (PP-2) is currently open to new members with optional membership.
 The main purpose of our pension plans is to supplement the social security pension benefits of our retired employees. Thus, our employees make mandatory monthly contributions as participants of our plans, and we do the same as sponsors.
  
Annual Report and Form 20-F 2024 |

In order to address the history of actuarial insufficiencies that occurred in past years and seek actuarial rebalancing, currently, the PPSP-R and PPSP-NR plans sponsored by us have equalization plans (DEPs - Deficit Equalization Plans) in progress. This means the administration of extraordinary contributions that are added to the normal contributions of their funding plans.
 Thus, PPSP-R includes DEP2018 and DEP2021, while PPSP-NR includes DEP2018 and DEP2022 in their funding plans. All are composed of lifelong and equal extraordinary contributions (50%/50%) between the Sponsors and the Participants and Beneficiaries.
 The remaining balance related to Petrobras to be settled by the extraordinary contributions contracted through the entirety of these DEPs in the PPSP-R and PPSP-NR plans was US$3.3 billion as of December 31, 2024, as recorded in Petros Plans’ balance sheets at present value.
 For more information on the Deficit Equalization Plans, see Note 18.3 to our audited consolidated financial statements.
 The table below presents the benefits paid, contributions made, and outstanding pension liabilities for the years ended December 31, 2024, 2023, and 2022