Previdência no Brasil: o Fundo de Previdência Complementar dos Servidores Públicos Federais (FUNPRESP)

Abstract

This research, in the world context, addresses social security reforms aimed at the implementation of supplementary schemes and, in the national context, analyzes the paradigm changes of the federal public servant's pension plan, whose main focus is to transfer the risks of the system to the server while the State distances itself from Its role as guarantor of social risk. It aims to identify the consequences of the creation of the Public Federal Supplementary Pension Foundation (FUNPRESP) on public accounts and on the social security rights of public servants. Methodologically, it used bibliographical revision, treatment of secondary data and hypothetical simulation of pensions, calculating the value of benefit according to the two social security models: substitute and substituted. From the numbers extracted through simulation, it discusses the implications on the benefit income of the server that join the new regime, FUNPRESP, and the social security sustainability of the Brazilian pension system. It highlights positive and negative factors of FUNPRESP, and presents suggestions to improve the model, minimizing the transfer of financial risks to the individual public servant. It also suggests, as an alternative, the formation of a portfolio of assets managed by the interested party with investments in the capital market, with the purpose of accumulating capital able to generate income for the same period of survival considered by FUNPRESP.