Monitoring and Evaluation of Public Employee Retirement System (PERS)

closed

The objective of the technical cooperation is to contribute to a larger effort of building a system to monitor and evaluate the Public Employee Retirement System (PERS) in Brazil. The technical cooperation will contribute to the organization and construction of the data necessary to design and conduct pilot studies needed to develop the monitoring and evaluation system of Public Employee Retirement System (PERS) of Brazilian state and local governments (SLGs) based on administrative data produced by various entities of the federation. The technical cooperation contributes to the construction of a centralized system at the Secretary of Pensions that will provide actuarial evaluations for about 2100 PERS and compare the numbers with the actuarial evaluations sent by SLGs to the numbers produced by the federal government. This technical cooperation will provide the Secretary of Pensions with the tool it needs to ensure that it can effectively evaluate the actuarial situation of the pension funds and ensure the sustainability of the pension system that has more than 2100 funds. Importantly, this role of the Secretary of Pension regarding the sustainability of the system is fundamental as it affects directly the fiscal situation of states and municipalities. Furthermore, the technical cooperation will elaborate a detailed guideline for PERS with technical instructions for the elaboration of annual actuarial evaluations according to the requirements of the federal government.