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Investor Presentaiton

Annual Report AR 2022 SUMMARY WHO WE ARE OUR STRENGTH AND OUR RESOURCES OUR RESULTS People and know-how PERSONNEL MOVEMENT AND REMUNERATION Regarding the dynamics of the workforce movement, the BCB has observed a reduction in its staff, mainly due to retirements since its last public tender took place in 2013. Employees' admission to the BCB takes place only through public tenders. Law 9,650, of May 1998 established that the BCB number of employees at 6.470. A considerable reduction in the BCB's staff occurred, since no public tender was carried out in the last nine years. The number of BCB employees has reduced 33% in the last sixteen years. In contrast, there was a 6% increase in the Federal Executive Branch staff in the same period. In 2022, 58 BCB employees retired. Furthermore, on December 31, 2022, out of 3,391 active employees, 310 already become entitled to retire. It is worth mentioning that, in addition to retirement cases, an average of 18 employees resign from the BCB each year for other reasons. To mitigate the risk of discontinuity of work processes due to a lack of employee replacements, the BCB constantly requests the Federal Executive Branch for public tenders, prioritizes its activities, and promotes internal redistributions of its workforce, through internal mobility. The excellence and recognized technical capability of its employees generates a fundamental intangible asset for the fulfillment of the BCB's mission. Econometric models, economic statistical series, and proprietary technological solutions such as the Brazilian Payment System and Pix are typical knowledge created by the BCB. The BCB's Governor and Deputy Governors hold special nature positions and receive a fixed compensation of BRL 17,327.65 established by law. The BCB's employees receive a base salary, and those occupying management or advisory positions receive the corresponding additional value. The average value paid to an employee in a technical position, in 2022, was BRL 11,700.85, in an analyst position was BRL 26,810.99, and in an attorney position was BRL 27,303.70. The BCB's attorneys, as public lawyers, are entitled to receive attorneys' fees. Information on the remuneration of federal public employees, including fees, can be verified on the Transparency Portal. 41
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