O impacto da criação da Funpresp sobre os benefícios previdenciários dos servidores públicos federais

Rodrigues, Danilo Diogenes; Afonso, Luís Eduardo

doi:10.1590/0034-7612141592

Cited by 5 publications

(8 citation statements)

References 18 publications

(9 reference statements)

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“…In this case, the rates are overestimated since, in reality, the payment of contributions and the receipt of benefits are conditional on the survival of the participant and/or beneficiary. The second considers only the probability of death (Afonso et al, 2011;Rodrigues & Afonso, 2015;Souza, 2018). The third approach is found in studies that consider the risks of disability and death, which allows determining other retirement benefits originated by disability (Gouveia et al, 2018;Martins & Campani, 2019).…”

Section: Related Workmentioning

confidence: 99%

“…One of the main challenges in the actuarial sector of such entities is to determine the actuarial rate, which is levied on the participants' income, necessary to honor social security commitments for the payment of normal retirement (Afonso & Lima, 2011;Heiland & Yin, 2014;Souza, 2018), disability retirement and dependents' pensions (Belloni & Maccheroni, 2013;Corrêa, 2018;Gouveia, Souza, & Rêgo, 2018). The concept of actuarial justice (Queisser & Whitehouse, 2006) supports investigating how such rates are affected by changes in the plan's modality (Alonso-García, Boado-Penas, & Devolder, 2018;Rodrigues & Afonso, 2015), alteration of retirement rules (Martins & Campani, 2019), and increased longevity (Gouveia et al, 2018) applied to general social security (Freire & Afonso, 2015), private pension of public workers (Rangel & Saboia, 2013;Rodrigues & Afonso, 2015), and the RPPS (Corrêa, 2018).…”

Section: Introductionmentioning

confidence: 99%

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Fair and balance rate for benefits not scheduled in defined contribution plans

Nascimento

Albuquerque

2021

Rev. contab. finanç.

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The objective of this study is to propose a methodology that, using multiple decreases, in addition to classified by actuarial profile and source of social security costs, calculates actuarially fair and balanced rates for unscheduled collective costing benefits from Defined Contribution (DC) pension plans. There are no studies in Brazil about costing rates for benefits not scheduled in pension plans of the DC modality. Any institution that pays collective cost social security benefits must determine an actuarial rate that is not insufficient, generating a financial imbalance in the fund, nor excessive, compromising the participant’s income. This work is the first study on costing rates for collective costing benefits from pension plans with DC modalities. Actuarially fair rates are obtained considering multiple decreases and equalizing the present value of contributions and the present value of pension and disability benefits, classified by actuarial profile and source of social security cost. The specific balance rate is determined for each source of social security costs and is obtained considering the actuarially fair rates for each actuarial profile. The general balance rate is obtained by the marginal contribution of each specific balance rate. The proposed methodology was used to calculate the rates of unscheduled benefits with collective costing in DC modality plans. The proposed methodology estimated that the legal changes, resulting from Constitutional Amendment 103/2019, indirectly increased by more than 4% the general balance rate of the unscheduled benefits of the Supplementary Social Security Foundation of the Federal Public Servant of the Executive Branch of the Federal Government (FUNPRESP-Exe).

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Section: Related Workmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Fair and balance rate for benefits not scheduled in defined contribution plans

Nascimento

Albuquerque

2021

Rev. contab. finanç.

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“…As for the national studies, Afonso and Lima (2011) detail in equations (1) to (9) the annuity involving a single life and under only a transition of the insured status into the probability ("healthy" -"dead"). Rodrigues and Afonso (2015) use the model of two lives, while Freire and Afonso (2015) use the threelives model, which is the one adopted here, (insured aged x, spouse of age y, and minor under age z 0 ). Thus, we considered in the calculations the measurement of the family coverage to the dependent youngest minor (age z 0 ), who will be entitled to any pension to be paid until reaching the age of z 1 =21 years old, according to the assumptions shown in box 2.…”

Section: Wealth Indicatormentioning

confidence: 99%

“…The study considered the wealth variation as the actuarial wealth measured by the net actuarial present value of the cash flow stream of the insured and their family, together, as calculated in the study by Rodrigues and Afonso (2015) and Freire and Afonso (2015). However, we extended to three lives because of the measurement of the pension that contemplates reversion to a minor.…”

Section: Introductionmentioning

confidence: 99%

Quem perde e quem ganha com a PEC 287/2016? Uma análise pela variação da riqueza atuarial do segurado urbano brasileiro do Regime Geral de Previdência Social

Martins

Campani

2019

Rev. Adm. Pública

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Resumo Este estudo mensura a alteração de riqueza do segurado pela reforma da Proposta de Emenda à Constituição n. 287/2016 (PEC 287, 2016), com a criação do pedágio e alterações na idade mínima, fatores de reposição, média dos salários de contribuição e percentual de reversão das pensões. Propõe-se o uso do indicador valor presente líquido atuarial aplicado ao fluxo de caixa esperado das contribuições e benefícios de aposentadoria programada, por invalidez e pensão por morte, além da reversão a cônjuge com continuidade a filhos menores. Os mais atingidos negativamente são aqueles com idade próxima à aposentadoria por idade e pouco tempo de contribuição. Porém, para grupos com grande tempo de contribuição (mais de 29 anos para homens e 21 para mulheres) e idades entre 45 e 55 anos, para homens, e entre 40 e 54 anos, para mulheres, há um surpreendente ganho de riqueza atuarial.

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“…They aim to portray the Brazilian reality and are based on previous studies, legal aspects, and try to maintain the conservative character of the analysis. In this spirit, the assumptions adopted are:  Family composition: in accordance with the Brazilian Institute for Geography and Statistics (IBGE, 2013) and Rodrigues and Afonso (2015), a standard family, composed of a couple (man and women) and two children (without gender distinction), is  Actuarial fairness in social security calculations: application of a multiple decrement model to compare the social security factor and minimum age rules assumed. In addition, according to the IBGE (2015), the husband will be three years older than the wife.…”

mentioning

confidence: 99%

Actuarial fairness in social security calculations: application of a multiple decrement model to compare the social security factor and minimum age rules

Gouveia¹,

Souza

Rêgo

2018

Rev. contab. finanç.

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The objective of this work was to compare the actuarially fair social security rates for the General Social Welfare Policy (GSWP), based on the social security factor rules and the minimum age proposal present in Proposed Constitutional Amendment n. 287/2016. The demographic changes that have taken place in Brazil in recent years raise questions about the sustainability of the national social security system and approving social security reform has been a government priority. Therefore, there is an undisputed need for an actuarial study that calculates actuarially fair rates and compares the current scenario with the reform proposals. Multiple decrement actuarial models were used to calculate the fair rates considering a standard family (25-year-old worker, spouse, and two children), in which the man is three years older than the woman. The IBGE 2015 Extrapolated (mortality) and Álvaro Vindas (disability) tables were adopted as biometric assumptions, and a real wage growth rate of 2% p.a. and real interest rate of 3% p.a. were used. It has been shown that under the social security factor rule current contribution rates are insufficient to cover social security benefits, since the actuarially fair rates are 30.69% and 35.27% for men and women, respectively. However, if the social security reform were approved as submitted, the fair rates would be reduced to 22.25% and 21.60%, respectively. Besides the minimum age, part of this reduction is due to the proposed rules allowing pension values lower than the minimum wage.

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O impacto da criação da Funpresp sobre os benefícios previdenciários dos servidores públicos federais

Cited by 5 publications

References 18 publications

Fair and balance rate for benefits not scheduled in defined contribution plans

Fair and balance rate for benefits not scheduled in defined contribution plans

Quem perde e quem ganha com a PEC 287/2016? Uma análise pela variação da riqueza atuarial do segurado urbano brasileiro do Regime Geral de Previdência Social

Actuarial fairness in social security calculations: application of a multiple decrement model to compare the social security factor and minimum age rules

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