The firm employed a new methodology to assess damage and estimate payouts.
SP issues a resolution after putting proposed changes out to public consultation.
Brazil's president cited European countries that cut pensions sharply as examples of what's in store if his reform proposal fails swift approval.
Governors have said Brazil's federal government was delaying the release of loans to finance infrastructure projects.
Farmers receive payouts for lost corn production as authorities execute a US$20mn scheme to help small and medium-sized producers.
Poor labor market performance contributed to the reduction of insured citizens.
Pension reform is an emotive subject - but lawmakers in the region cannot just sweep it under the rug. BNamericas takes a look at approaches in Argentina, Brazil, Chile, Colombia, Mexico and Peru.