Estudo dos efeitos da segregação de massa nos resultados financeiros e atuariais do Regime Próprio de Previdência Social (RPPS) do município de João Pessoa

Abstract

The main objective of this work was to study the effect of mass segregation on the financial and actuarial results of the João Pessoa Municipal Social Security System, since this is one of the tools for dealing with the deficits presented by social security systems and it is important to analyze its effects over time in order to control the financial and actuarial balance of social security plans. The period analyzed was from 2004 to 2023, using such indicators: the ratio between the number of active employees and the number of retirees and pensioners, the ratio between the actuarial deficit and net current revenue and, finally, the ratio between the annual amortization of the actuarial deficit, net current revenue and the limit on personnel expenses before and after the segregation of the masses, which took place in 2013. According to the first indicator, the ratio between the number of active civil servants and the number of retirees and pensioners before mass segregation, showed a tendency towards a "Critical" situation over the years, indicating an increase in the deficit, which was suppressed mainly through the use of treasury resources. After segregation, the financial fund got worse and worse, since it is a closed fund, with no new civil servants being included, and the Capitalized Fund has remained in a "Comfortable" situation since it was created, although there has been a significant reduction in this ratio since the inclusion of pensioners. In the second indicator, before segregation, even in the face of an increase in the actuarial deficit, the situation was predominantly "Reasonable" when compared to net current revenue. However, after segregation, the Financial Fund remained in a "Critical" situation since its creation until in 2021, after the increase in the insured and employer rates, it moved to a "Reasonable" situation, given the increase in net current revenue and the decrease in the actuarial deficit observed for this Fund. As for the Capitalized Fund, nothing can be concluded for this indicator or the next one, as it is a fund with no actuarial or financial deficit. Finally, the third indicator showed that, before the segregation of the masses, the RPPS was in a "Comfortable" situation, indicating that the amortization of the actuarial deficit, if distributed linearly over the 35 years period, would not represent a significant increase in the limit on personnel expenses. However, the situation changed after segregation for the Financial Fund, where it became predominantly "Critical", and therefore its amortization would result in a percentage of net current revenue which, added to the percentage of personnel expenses, would exceed the maximum limit allowed by the Fiscal Responsibility Law. Therefore, it can be concluded that mass segregation contributed to actually equating the actuarial deficit, and that the RPPS in the municipality of João Pessoa will tend to be in surplus with the extinction of the Financial Fund in the future.