Igepps rises in the national ranking for excellence in investments

The Institute of Pension Management and Social Protection of Pará (Igepps) achieved 3rd place in the national ranking of Public Pension Systems (RPPS) with the best investment performance. This placement marks a significant advancement: in 2023, the Institute held the 10th position.

The recognition was announced during the 58th Congress of the Brazilian Association of State and Municipal Pension Institutions (ABIPEM), held from June 25 to 27 in Foz do Iguaçu (PR). The event is the largest in the country focused on the public pension sector and awards institutions that stand out in management, transparency, and financial results.

The award confirms the quality of the management of the resources of the Pension Fund of the State of Pará (Funprev), under the responsibility of Igepps.

“The award shows the Institute's effort in training the team of the Investment Management Center (Nugin), in addition to the commitment to transparency, the technical selection of investments, and the rigorous monitoring of the financial products where the resources are applied,” explained the coordinator of Nugin, Henrique Mascarenhas.

Currently, Igepps manages more than R$ 4 billion allocated for the payment of pensions and retirements of active, inactive, and pensioner state employees. Only in the first half of this year, the investment policy generated a return of R$ 250 million, focusing on fixed income investments linked to the Selic rate, which are considered safer.

“Igepps has adopted a responsible and efficient investment policy. This ensures that the benefits of the employees are paid securely and without the risk of interruption,” stated the president of the Institute, Washington Albuquerque.

Another highlight is the recovery of revenues through pension compensation. Igepps has managed to recover amounts owed by the INSS, which reduces the need for transfers from the State Government and contributes to making the system increasingly self-sustainable.