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Collor and Verão Plans Still Guarantee Compensation to Savers Who Were Left Out of the Agreement; Amounts Can Exceed R$ 50 Thousand and Reach Up to R$ 100 Thousand Due to Savings.
The 80s and 90s were marked by hyperinflation and economic plans that tried to contain the price escalation. Among them, the Verão Plan (1989) and Collor Plan (1990 and 1991) became famous. At that time, millions of Brazilians who had money deposited in savings accounts were caught by surprise: the indices of monetary correction applied were different from those predicted, which led to the so-called inflationary losses or expurgos.
Decades later, the courts recognized that savers had the right to compensation for the losses suffered, and the topic became one of the largest collective judicial disputes in Brazilian history.
The Agreement Approved by the STF
In 2018, after years of dispute, the Supreme Federal Court (STF) approved an agreement between banks, Febraban, and consumer defense entities. The pact provided for the payment of inflation differences to those who had filed lawsuits.
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- Payments were divided into installments and organized in phases.
- Many savers received significant amounts.
- Others did not join the agreement or were not even aware that they had this right.
And this is precisely where the current opportunity lies: those who did not enter the agreement can still seek compensation through the courts.
Who Has the Right to Compensation
The right applies to those who had active savings accounts during the periods affected by the economic plans:
- Bresser Plan (1987): difference of 26.06% in June/1987.
- Verão Plan (1989): difference of 42.72% in January/1989.
- Collor I Plan (1990): differences in March/1990.
- Collor II Plan (1991): differences in January/1991.
Although the Bresser Plan is also included, the largest amounts are concentrated in the Verão and Collor Plans, which affected millions of savings accounts throughout the country.
Amounts That Can Exceed R$ 100 Thousand
Consumer defense entities’ studies indicate that losses can exceed R$ 100 thousand per account, depending on the balance that the saver maintained at the time.
A practical example:
- Those who had about R$ 10 thousand in savings in 1989 may be entitled to corrected differences that exceed R$ 50 thousand today, considering interest and monetary updates.
That is why, even many years later, actions are still being filed and payments are occurring.
Court Decisions Maintain the Right
The STJ and the STF have consolidated jurisprudence: savers negatively impacted by the expurgos have the right to differences.
In some cases, judges have authorized payments outside the agreement, provided there is evidence that the saver действительно maintained a balance at the time. This makes it essential to keep or request old bank statements from banks, which serve as the main documentary proof.
How Savers Can Act
To seek compensation, the saver needs to follow some steps:
Gather Documents: mainly bank statements from the time or proof of the existence of the savings account.
Consult a Lawyer: actions can be collective or individual, depending on the case.
Check Deadlines: although many deadlines have already passed, there are still situations where actions can be accepted, especially if the saver was part of collective actions.
Calculate Amounts: specialists can estimate how much the saver may be entitled to, considering balance, correction index, and interest.
The Social and Financial Impact
The payment of the expurgos from the economic plans represents not only a financial issue but also a historical reparation. Millions of families had their savings compromised during a time of instability.
For many retirees and heirs, compensation represents a significant income boost, capable of transforming the family budget.
At the same time, the topic reignites the debate about the safety of financial investments and the need for clear rules to protect citizens in times of crisis.
Banks Still Resist
Although the courts have consolidated the understanding, many banks still resist paying amounts outside the agreement made in 2018. This resistance causes many processes to drag on for years, requiring patience from savers.
On the other hand, recent decisions show that the courts have been favorable to the citizen, reinforcing the importance of not giving up on seeking rights.
More than 30 years have passed since the plans that marked the end of hyperinflation in Brazil. Still, the legal and financial reflections remain present.
The trial and the agreement approved by the STF did not end all discussions. On the contrary: they kept alive the right of thousands of Brazilians who have not yet sought compensation.
For those who had balances in savings in the 80s and 90s, the lesson is clear: it is worth verifying if there is forgotten money waiting to be recovered. In many cases, the amounts exceed R$ 50 thousand per account — a fortune that can make all the difference.
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