Petrobras Now Has Rio Retirees, Pension Fund Bondholders on Edge

Updated on
  • Rioprevidencia's bonds tumble 24 percent in past three months
  • Pension fund depends on oil royalties for third of its revenue

Marilda Torres Miranda, a 58-year-old high school biology teacher in the city of Rio de Janeiro, is concerned the pension benefits she’s counting on when she retires may be cut dramatically.

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