On 05/02/2006, an agreement was celebrated between the bank employee labor unions of Brasília, São Paulo and Rio de Janeiro and Banco do Brasil, with PREVI's consent, for the use of the amounts allocated in the Parity Funds and for the revision of Benefit Plan 1, with the reduction of the "PREVI contribution", used to calculate the Plan benefits, and the elevation of the "Minimum Benefit".
For the implementation of the clauses of the above mentioned Agreement, in the form of Complementary Law No. 109, dated 5/29/2001, and of the pertinent accounting norms, Extraordinary Financial Statements were prepare don May 31st, 2006 and disclosed on the Institution's web site. In accordance with the guidelines issued by the Complementary Pension Secretariat - SPC, the result accounts were not closed in that Balance Sheet.
The Extraordinary Financial Statements evidenced, among other facts, the reversion of the Parity Funds, with the following events:
a) Allocation of the "Parity Fund - BB Sponsor - Preliminary Order of the 13th Federal Court" amounts in the account Anticipated Amortizing Contributions - Parity - Agreement 2006;
b) Use of the parcel allocated in the account Anticipated Amortizing Contributions - Parity - Agreement 2006, as well as of the amounts of the "Parity Fund - BB Contributors" and "Parity Fund - Other Contributors", for the costing of the modifications resulting from the revision of the Benefit Plan 1 (reduction of the "PREVI Parcel" and increase of the "Minimum Benefit").
Those Financial Statements also reflected the impacts on the "Mathematical Provisions" of the 40% reduction in the personal and sponsor contributions of active and assisted participants, decided based on the existence of funds in the account "Reserve for Plan Revision".