This article focuses on current aspects of the public servants` pension system in Brazil, dialoguing with the legislative proposal (PL no 1.992/2007) which aims to introduce a complementary pillar in the civil servants pension system. The proposal is been considered in Congress and will allow...

This work identifies the existence of economies of scale and scope for the Brazilian complementary pension funds via quantitative tests on the administrative data base. It will be presented the literature review, descriptive statistics of the data base; a theoretical model on the existence of...

This work identifies the existence of economies of scale and scope for the Brazilian complementary pension funds via quantitative tests on the administrative data base. It will be presented the literature review, descriptive statistics of the data base; a theoretical model on the existence of...

This article focuses on current aspects of the public servants` pension system in Brazil, dialoguing with the legislative proposal (PL no 1.992/2007) which aims to introduce a complementary pillar in the civil servants pension system. The proposal is been considered in Congress and will allow...

This study analyzes the performance of Brazilian Investment Funds between May 2001 and May 2006, using as a guideline the division in fixed-income funds and equity funds. The performance is evaluated in terms of risk and return, using Sharpe and Sortino indexes, with the returns and volatilities...

Brazilian pension funds hold together a portfolio that exceeds R$ 1 trillion. This volume of resources justifies researches that try to understand the management of these portfolios. This paper aims therefore to analyze the allocation of the wealth managed by these funds. As an associated goal,...

Brazilian pension funds hold together a portfolio that exceeds R$ 1 trillion. This volume of resources justifies researches that try to understand the management of these portfolios. This paper aims therefore to analyze the allocation of the wealth managed by these funds. As an associated goal,...

This Discussion Paper describes the changes brought about by the 2019 reform in the federal Public Employees' Retirement System (PERS) and the developments in the states, the Federal District and municipalities. Regarding the states and the Federal District, we analyze the details of the new...

The purpose of this work is to provide an overview of social security, which, along with public health and social assistance, constitutes social security in Brazil. This text represents only a part of a trilogy of Discussion Papers structured to highlight the relevance of social security,...