Impactos nas finanças públicas da reforma da previdência municipal de Fortaleza

Abstract

The municipal pension reform in Fortaleza reflects the evolution of the Brazilian pension system, which is moving away from the primary purposes idealized in the 1988 Federal Constitution, especially, social welfare and sustainable development. Complementary Law No. 298/2021 was implemented to align the municipal system with Constitutional Amendment No. 103/2019. Changes included an increase in the contribution rate, retirement age, benefit calculation, and segregated funding plans (PREVIFOR/FIN and PREVIFOR/PRE), changes in the contribution of retirees, and the Complementary Pension Regime. The reform also addressed revocations and prohibitions of rights of municipal employees. This study uses a predominantly quantitative research approach, examining the evolution of revenues, expenses, and actuarial projections of the Fortaleza Social Security Regime (RPPS), from 2019, and after the pension reform until 2097, according to actuarial projections. The analysis reveals an increase in the revenue from contributions due to changes in the rates and influence on the granting of benefits. The PREVIFOR/FIN plan will face a deficit until its extinction, demanding support from the Treasury, while PREVIFOR/PRE projects self-sufficiency. The relationships with the Net Current Revenue (RCL) are also discussed with the two funding plans. A projection is also made if PREFIVOR/PRE will be able to or not to make up for the financial shortfall of PREVIFOR/FIN. The study highlights the need for sound pension policies to ensure the municipality's financial future and highlights the need for continuous monitoring to ensure the financial health of the system.