GOVERNMENT OF THE STATE OF RIO DE JANEIRO
STATE SECRETARIAT OF PLANNING AND MANAGEMENT
SINGLE SOCIAL SECURITY FUND OF THE STATE OF
RIO DE JANEIRO - RIOPREVIDÊNCIA
FINANCIAL STATEMENT - SOCIAL SECURITY PLAN
APPENDIX 13 OF FEDERAL LAW No. 4,320/64 (according to STN Ordinance No. 438/2012)
Amounts on 12/31/2013
R$
INFLOWS
SPECIFICATION
Budgeted Revenue (I)
Ordinary
Own Collecting - Indirect Administration
EXPENDITURES
2013
-
SPECIFICATION
Budgeted Expense (IV)
Ordinary
Ordinaries Coming from Taxes
Own Collecting - Indirect Administration
2013
Received Financial Transfers (II)
Transf. Received for Budget Execution
Transf. Received Independent of Budgetary Execution - Intra
-
Granted Financial Transfers (II)
Transf. Granted for Budget Execution
Transf. Granted independent of Budgetary Execution - Intra
.
-
Extra Budgetary Receipts (III)
-
Extra Budgetary Payments (VIII)
-
-
Fluctuating Debt
Consignations
Deposits from Several Origins
-
Fluctuating Debt
Consignations
Deposits from Several Origins
-
Other Operations
Transfer of Financial Balances
-
Other Operations
Pledged Resources
-
Cash Balance of the Previous Year (IV)
-
Cash Balance of the Next Year (IX)
-
Available
Banks Current Account
Financial Investments
-
Available
Banks Current Account
Financial Investments
-
Invest. Special Social Security Systems
Securities and Investment Funds
-
Invest. Special Social Security Systems
Securities and Investment Funds
-
-
TOTAL (X) = (VI+VII+VIII+IX)
TOTAL (V) = (I+II+III+IV)
-
GOVERNMENT OF THE STATE OF RIO DE JANEIRO
STATE SECRETARIAT OF PLANNING AND MANAGEMENT
SINGLE SOCIAL SECURITY FUND OF THE STATE OF
RIO DE JANEIRO - RIOPREVIDÊNCIA
FINANCIAL STATEMENT - SOCIAL SECURITY PLAN
APPENDIX 13 OF FEDERAL LAW No. 4,320/64 (according to STN Ordinance No. 438/2012)
Amounts on 12/31/2013
R$
ASSETS
SPECIFICATION
CURRENT ASSET
Cash and Cash Equivalents
Credits Short Term
Other Credits and Amounts Short Term
Temporary Investments
Stocks
LIABILITIES
2013
2012
SPECIFICATION
822,189.56
-
-
CURRENT LIABILITY
822,189.56
-
-
2013
2012
-
-
Suppliers and Accounts Payable Short Term
Tax Liabilities Short Term
Other Obligations Short Term
-
-
Obligations Payable Short Term
NON-CURRENT ASSET
Long Term Assets
Credits Long Term
-
-
NON CURRENT LIABILITY
Suppliers Long Term
-
Other Credits and Amounts Long Term
-
Provisions Long Term
Deferred Result
-
-
Investments
Other Permanent Investments
-
-
TOTAL OF LIABILITIES
-
-
Fixed
-
-
Movable Assets
Fixed Assets
-
-
-
Intangible
Trademarks, Rights and Industrial Patents
-
FINANCIAL ASSETS
PERMANENT ASSETS
822,189.56
NET EQUITY
- ‘
1,380,514.14
1,380,514.14
-
-
TOTAL NET EQUITY
1,380,514.14
-
-
TOTAL
1,380,514.14
-
-
FINANCIAL LIABILITIES
-
PERMANENT LIABILITY
-
822,189.56 ‘
TOTAL
Obligations Payable Long Term
Social Equity and Social Capital
Accumulated Results
Result for the Year
Adjustments of Previous Years
BALANCE SHEET
-
-
558,324.58
-
1,380,514.14
-
COMPENSATIONS
SPECIFICATION
2013
2012
SPECIFICATION
Balance of Potential Asset Acts
2013
2012
Balance of Potential Liability Acts
Execution of Contractual Rights
-
-
Execution of Contractual Obligations
-
-
TOTAL
-
-
TOTAL
-
-
GOVERNMENT OF THE STATE OF RIO DE JANEIRO
STATE SECRETARIAT OF PLANNING AND MANAGEMENT
SINGLE SOCIAL SECURITY FUND OF THE STATE OF RIO
DE JANEIRO - RIOPREVIDÊNCIA
STATEMENT OF THE FINANCIAL SURPLUS / DEFICIT AS FOUND IN THE BALANCE SHEET
Amounts on 12/31/2013
DESTINATION OF RESOURCES
ORDINARY
Ordinaries Coming from Taxes
Ordinaries Not Coming from Taxes
Own Collecting - Indirect Administration
Other Revenues of the Indirect Administration
Extra Budgetary Resources - DDO
LINKED
Indemnification for the Extraction of Oil
TOTAL
R$
FINANCIAL
SURPLUS / DEFICIT
-
-
GOVERNMENT OF THE STATE OF RIO DE JANEIRO
STATE SECRETARIAT OF PLANNING AND MANAGEMENT
SINGLE SOCIAL SECURITY FUND OF THE STATE OF
RIO DE JANEIRO - RIOPREVIDÊNCIA
STATEMENT OF EQUITY VARIATIONS - SOCIAL SECURITY PLAN
APPENDIX 15 OF FEDERAL LAW No. 4,320/64 (according to STN Ordinance No. 438/2012)
Amounts on 12/31/2013
R$
QUANTITATIVE EQUITY VARIATIONS
UPWARD EQUITY VARIATIONS
2013
309,264,224.70
Taxes, Fees and Improvement Contributions
-
Taxes
-
Contributions
822,189.56
Social Contributions
822,189.56
Other Upward Equity Variations
308,442,035.14
Reversal of provisions and adjustments
308,442,035.14
DOWNWARD EQUITY VARIATIONS
307,883,710.56
Other Downward Equity Variations
307,883,710.56
Constitution of Provisions
307,883,710.56
Equity result for the period
1,380,514.14
QUALITATIVE EQUITY VARIATIONS
(stemming from the budget execution)
2013
Asset incorporation
-
Asset disincorporation
-
Liability incorporation
-
Liability disincorporation
-
Government of the State of Rio de Janeiro
State Secretariat of Planning and Management
Single Social Security Fund of the State of Rio de Janeiro - Rioprevidência
SOCIAL SECURITY PLAN
Notes to the Financial Statements as at 31.12.2013
1. OPERATIONAL CONTEXT
The Single Social Security Fund of the State of Rio de Janeiro - Rioprevidência was created under
Law No. 3,189, of February 22, 1999, in the form of a public autarchy with legal personality under
public law with the purpose of managing financial assets, in order to fund the salaries, pensions
and other social security benefits, of the civil servants of the State of Rio de Janeiro, observing the
Constitutional Amendments No. 20/98, 41/03, 47/05, the Federal Laws n.ºs 9717/98 and 10,887 /
04.
The State Law No. 5109 of October 15, 2007, which abolished the Social Security Institute of the
State of Rio de Janeiro – IPERJ, transferred to Rioprevidência the competence for qualification,
administration and payment of social security benefits provided by the state legislation, which
provides for the pension scheme for civil servants of the State of Rio de Janeiro and their
dependents. Thus, the Rioprevidência, as historical successor, incorporated into its equity the
Assets (properties and rights) and liabilities (obligations) of the extinct IPERJ.
With the publication of State Law No. 5,260, on June 11, 2008, the own and sole Legal Regime of
the Social Security of the Members of the Judiciary, Public Prosecution, Public Defenders Office,
the Court of Auditors and Statutory Public servants of the State of Rio de Janeiro were unified,
being it incumbent upon Rioprevidência the management of this social security system.
In the year 2012 the Legislative Assembly of the State of Rio de Janeiro decreed and the
Governor of the State of Rio de Janeiro enacted the following laws:
Sheet 1 of 8
Single Social Security Fund of the State of Rio de Janeiro - Rioprevidência
Administrative Headquarters Rua da Quitanda n°. 106 - Centro - Rio de Janeiro - RJ - CEP 20091-005
Telephone: 2332-5757
Government of the State of Rio de Janeiro
State Secretariat of Planning and Management
Single Social Security Fund of the State of Rio de Janeiro - Rioprevidência
Law Nº 6.243, of May 21, 2012, instituting the Complementary Pension Regime
within the State of Rio de Janeiro, fixing the maximum limit for granting retirement
and pension benefits referred to in Article 40 of the Federal Constitution, and also
authorizing the creation of the Closed Complementary Entity, in the form of a
Foundation, among other measures.
Law Nº 6.338, , of November 6, 2012, providing for the Funding Plan of the Actuarial
Deficit of the Own Social Security System of Rio de Janeiro, changes Law No. 3,189,
of February 22, 1999 and providing other measures, that will be managed by the
Single Social Security Fund of the State of Rio de Janeiro - Rioprevidência.
The Social Security Plan is destined to public service career holders of the Executive (including
servants of the autarchies and public foundations), Legislative and Judicial powers. It being certain
that this new social security plan will reach the counselors and servants of the Court of Auditors,
and also the members and effective servants of the Public Ministry and Public Defenders Office.
Nevertheless, pensioners who join the public service after the starting date of operation of the
managing entity, dealt with in article. 34 of Law No. 6243/2012, will be covered by this new social
security systematic.
The segregation of the Plans into Financial and Social Security must be accompanied by
budgetary, financial and accounting separation of the obligations and investments.
The SEPLAG Resolution No. 986 of September 3, 2013, published in Official Gazette,
established the beginning of operation of the RJPREV- CD Benefits Plan of the Foundation for
Complementary Social Security of the State of Rio de Janeiro - RJPREV, on September 4, 2013,
concurrently the operation of the Social Security Plan was begun, in conformity with the legislation
in force.
The tendency is that these two actions combined will generate, in the future, a balanced, fairer and
less dependent on the incomes from royalties and special participations social security. This will be
Sheet 2 of 8
Single Social Security Fund of the State of Rio de Janeiro - Rioprevidência
Administrative Headquarters Rua da Quitanda n°. 106 - Centro - Rio de Janeiro - RJ - CEP 20091-005
Telephone: 2332-5757
Government of the State of Rio de Janeiro
State Secretariat of Planning and Management
Single Social Security Fund of the State of Rio de Janeiro - Rioprevidência
possible, at first, with the complementary social security, under which the State of Rio de Janeiro
will pay social security benefits to future civil servants to the limit of the General Social Security
Regime, the INSS. Later, in the second scenario, the mass segregation will create a new fund
within the Autarchy itself, which will be composed by the servants who enter as of the date of its
creation.
We once again stress that there will be no change to the rules for granting social security benefits
for new civil servants, since such initiatives solely aim at the restructuring of the financing of the
social security's liabilities. With this, in the future, when a civil servant retires, after the years of
contribution stipulated by law, Rioprevidência will have a cash flow sufficient to honor these social
security benefits with the resources accumulated during all those years.
1.1 MISSION
Provide excellent services to our customers (active, inactive, pensioner civil servants and
dependents) with efficiency, credibility, respect and social responsibility, transparent and effective
administration of the equity, to comply with current and future social security obligations, in
addition to contribute with the fiscal management of the State.
1.2 VISION
To be the best Own Social Security Regimes' manager of Brazil, with proven excellence, having as
guidelines:
- Satisfaction in providing services to its customers
- Good management practices of assets and liabilities
- Governance, transparency and compliance in the management of the business.
2. PRESENTATION OF THE FINANCIAL STATEMENTS
Sheet 3 of 8
Single Social Security Fund of the State of Rio de Janeiro - Rioprevidência
Administrative Headquarters Rua da Quitanda n°. 106 - Centro - Rio de Janeiro - RJ - CEP 20091-005
Telephone: 2332-5757
Government of the State of Rio de Janeiro
State Secretariat of Planning and Management
Single Social Security Fund of the State of Rio de Janeiro - Rioprevidência
The statements presented consolidate the referred merger of rights and obligations for the
presented balances.
The Autarchy uses the Integrated Financial Management System of the States and Municipalities SIAFEM RJ-established by State Decree No. 22,939 of January 30, 1997, for the accounting of its
operations in accordance with the standards for Finance and Accounting Applied to the Public
sector, applying Federal Law No. 4,320 / 64, Supplementary Law No. 101/00, State Law 287/79,
the MPS Ordinance No. 402/08 and MPS Ordinance No. 403/08 and MPS Ordinance No. 509/13,
observing article 4 of the mentioned ordinance.
The new structure of Rioprevidência made that the investment decisions are collegial, eliminating
individual authority. The resource allocation strategy is established annually in the Annual
Investment Plan (AIP), a document prepared by the Executive Directors of Rioprevidência and
approved by the Board. The monthly guidelines are discussed by the Investment Committee which
defines the resource allocation strategies for the following month (short term) and performs the
necessary adjustments in accordance with the changes of the economic scenario. Those
guidelines are later on approved by Rioprevidência representatives, SEFAZ / RJ and SEPLAG/ RJ.
Consequently, the decisions of the Investment Committee are binding on the Investment Director,
who follows them, implementing them in accordance with the current legislation.
The management of the Rioprevidência's assets is one of the pillars to achieve profitability,
solvency, liquidity and transparency of the State of Rio de Janeiro civil servants and its
beneficiaries' social security savings.
3. BALANCE SHEET - SOCIAL SECURITY PLAN
3.1 COMPOSITION OF ASSETS
3.1.1 CURRENT ASSETS
SHORT TERM CREDITS
Customers
TOTAL-R$
12/31/2013
822,189.56
822,189.56
Sheet 4 of 8
Single Social Security Fund of the State of Rio de Janeiro - Rioprevidência
Administrative Headquarters Rua da Quitanda n°. 106 - Centro - Rio de Janeiro - RJ - CEP 20091-005
Telephone: 2332-5757
Government of the State of Rio de Janeiro
State Secretariat of Planning and Management
Single Social Security Fund of the State of Rio de Janeiro - Rioprevidência
Refers to the Employers Contribution Receivable - balance recorded in the ledger account
11212.01.03 = EMPLOYER SOCIAL SECURITY PLAN - CIVIL ASSET.
4. ACTUARIAL LIABILITIES
Registers the actuarial commitments with the Civil Servants of the State of Rio de Janeiro,
as per Actuarial Valuation1 of the State of Rio de Janeiro for the year 2014.
The Social Security Liability consists of the Benefits Granted and the Benefits to be
Granted:
1. The Benefits Granted represent the commitments the State of Rio de Janeiro has
with the servants that have already begun receiving benefits, thus having greater
urgency in the constitution of its provisions;
2. The Benefits to be Granted represent the corresponding mathematical provisions
to policyholders that are still contributing (Assets).
The amounts of the Mathematical Reserves, based on the registration data, including the
Executive, Legislature and the Judiciary, reflect a need for resources accumulated to cover
commitments to social security benefits for active, inactive and pensioned civil servants, according
to the following table:
ACTUARIAL COMMITMENTS
Granted Benefits
Benefits to be Granted
Reserves to Amortize (-)
TOTAL-R$
12/31/2013
0.00
3,208,000.26
-3,766,324.84
-558,324.58
The entitlement related to the Financial Compensation between Social Security Regimes
registered the amount of R $ 3,766,324.84, fully used for the Amortization of the Mathematical
1
This Actuarial Valuation report is prepared by the PEMCAIXA - Social Security for State and Municipalities
Sheet 5 of 8
Single Social Security Fund of the State of Rio de Janeiro - Rioprevidência
Administrative Headquarters Rua da Quitanda n°. 106 - Centro - Rio de Janeiro - RJ - CEP 20091-005
Telephone: 2332-5757
Government of the State of Rio de Janeiro
State Secretariat of Planning and Management
Single Social Security Fund of the State of Rio de Janeiro - Rioprevidência
Provision, according to the Actuarial Valuation prepared by PEMCAIXA - Social Security for states
and municipalities.
GUARANTEEING ASSETS X MATHEMATICAL PROVISIONS
Total Asset
(-) Long Term Provisions
= Surplus/Actuarial Deficit
(-) Operational Liabilities
= Social Security Surplus / Deficit
(-) Deferred Result
= Total Net Equity - R$
12/31/2013
822,189.56
558,324.58
1,380,514.14
0.00
1,380,514.14
0.00
1,380,514.14
5. REVENUES FROM THE SOCIAL SECURITY PLAN
I - The Social Security contributions from the recipients referred to in art. 7;
II - The Employer contributions, up to the limit of coverage of the normal cost and the
complementary cost;
III - The credits due to the financial compensation account provided for in art. 201, § 9 of the
Republic's Constitution, relating to those.
The revenues of the Social Security Plan will be destined exclusively to the payment of social
security benefits to the recipients dealt with in article. 7 of the present Law, as well as the
administrative costs, limited to two percentage points of the total amount of subsidies, wages,
salaries and pensions of those covered by the Social Security Plan, needed for the functioning and
organization of the Governing Body of the RPPS / RJ.
8. MATHEMATICAL SOCIAL SECURITY PROVISIONS
The Actuarial Technical Note of the Revaluation of the Amount of the Mathematical Social Security
Reserves of the State of Rio de Janeiro for the year 2014 had its update registered for accounting
Sheet 6 of 8
Single Social Security Fund of the State of Rio de Janeiro - Rioprevidência
Administrative Headquarters Rua da Quitanda n°. 106 - Centro - Rio de Janeiro - RJ - CEP 20091-005
Telephone: 2332-5757
Government of the State of Rio de Janeiro
State Secretariat of Planning and Management
Single Social Security Fund of the State of Rio de Janeiro - Rioprevidência
purposes in the Fiscal Year of 2013.
The social security statements determined by the Fiscal Responsibility Law (LC 101/2000) are
published in the Official Gazette of the State of Rio de Janeiro, by the State General Accounting CGE - SEFAZ / RJ, in accordance with the established deadlines and available on the website :
www.Fazenda.rj.gov.br and on the site of the Ministry of Social Security/MPS-SPS www.mps.gov.br, the attachments established by the pertinent social security legislation.
Sheet 7 of 8
Single Social Security Fund of the State of Rio de Janeiro - Rioprevidência
Administrative Headquarters Rua da Quitanda n°. 106 - Centro - Rio de Janeiro - RJ - CEP 20091-005
Telephone: 2332-5757
Government of the State of Rio de Janeiro
State Secretariat of Planning and Management
Single Social Security Fund of the State of Rio de Janeiro - Rioprevidência
Director - President
Gustavo de Oliveira Barbosa
Administrative and Finance Director
Luiz Cláudio Fernandes Lourenço Gomes
Security Director
Roberto Moisés dos Santos
Legal Officer
Baltazar José Vasconcelos Rodrigues
Investments Director
Ciro Mauro de Carvalho Giannini
Rio de Janeiro, March 31, 2014
MILTON GUSMÃO DO NASCIMENTO
Controllership Manager
Accountant CRC/RJ 057.974/O-5
CPF: 670.766.457-34
LUIZ CLAUDIO FERNANDES L. G0MES
Administration and Finance Director
CPF: 981.962.007-49
GUSTAVO DE OLIVEIRA BARBOSA
Director - President
CPF: 494.126.476-20
Sheet 8 of 8
Single Social Security Fund of the State of Rio de Janeiro - Rioprevidência
Administrative Headquarters Rua da Quitanda n°. 106 - Centro - Rio de Janeiro - RJ - CEP 20091-005
Telephone: 2332-5757