The Pró-Gestão RPPS Certification and Its Effects on the Financial Sustainability of Special Social Security Regimes
Municipal Financial Condition; Public Pension Systems; Pension sustainability; Public governance.
Public Pension Systems for Civil Servants are a relevant component of Brazilian subnational public finance, since their sustainability depends on the fiscal and institutional capacity of the governments that maintain them. In this context, this dissertation aims to analyze the relationship between municipal financial condition, institutional certification under the Pró-Gestão RPPS program, and the pension performance of Brazilian public pension systems. The study is structured into two complementary scientific articles. The first examines the relationship between the financial condition of Brazilian municipalities and the pension performance of RPPS, using as dependent variables the dimensions of the Pension Situation Indicator (ISP-RPPS): Management and Transparency, Financial Situation, and Actuarial Situation. The second investigates the effects of institutional certification under the Pró-Gestão RPPS program on the financial and actuarial sustainability of public pension systems, based on Agency Theory and Institutional Theory. Methodologically, the research adopts a quantitative approach, using panel data econometric models and regression techniques suited to the characteristics of the dependent variables, based on data from the Secretariat of Social Security, the National Treasury, and the Brazilian Institute of Geography and Statistics. By integrating fiscal and institutional factors into a single analytical framework, this dissertation contributes to a better understanding of the determinants of RPPS performance and provides evidence that may support improvements in municipal pension governance.