# ALEPEPREV

ALEPEPREV is a Pension Fund based in Recife, Brazil.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Recife, Brazil
- **Region:** South America
- **Address:** Recife, PE, Brazil
- **Founded:** 2008
- **Assets under management:** Undisclosed
- **Website:** www.alepeprev.org.br

## Regulatory record

- **Reports private funds:** No

## About

ALEPEPREV was established on December 30, 2008, by the Legislative Assembly of the State of Pernambuco (ALEPE) to administer a supplementary pension plan under Brazil's Defined Contribution (CD) framework. The fund is a closed entity — membership is restricted to ALEPE's commissioned civil servants and political agents, not open to the general public or career civil servants under broader state regimes. Its creation reflects a wave of complementary pension vehicles formed by Brazilian state legislatures following broader social security reforms. The fund's investment portfolio is concentrated entirely in fixed income assets domiciled in Brazil. This posture is consistent with small, sponsor-tethered pension entities that prioritize capital preservation and regulatory compliance over diversified multi-asset growth. No direct equity, real estate, or alternative investment positions are publicly documented. The fund operates under oversight from its Deliberative Council and Fiscal Council, with Manoel Ferreira da Silva leading governance and José Américo dos Santos serving as the entity's legal head. ALEPEPREV is a member of ABRAPP, the Brazilian national association of closed pension entities, and SINDAPP, the union representing such institutions. These affiliations provide regulatory coordination and industry benchmarking. The fund has not disclosed any professional headcount, external asset managers, or co-investment partnerships. Its sole known operational footprint remains in Recife, Pernambuco, with no additional offices. The fund's structural distinction lies in its ultra-narrow mandate: it insures the retirement tail of a single legislative body's political and commissioned workforce. This creates a governance dynamic where sponsor, beneficiary, and regulator overlap more tightly than in multi-employer or open public pension systems. Succession risk and investment discretion are effectively bound by the legislative assembly's own political cycle.

## Sectors

- Fixed Income

## People

- Manoel Ferreira da Silva — President of the Deliberative Council
- José Américo dos Santos — Procurador Geral
- Waldemar A. Borges Rodrigues Neto — Member of the Fiscal Council
- Isaltino José do Nascimento Filho — Member of the Fiscal Council

## Questions

### Is ALEPEPREV open to outside members or new contributions?

No. ALEPEPREV is a closed complementary pension fund restricted to commissioned civil servants and political agents of the Pernambuco State Legislative Assembly (ALEPE). It does not accept members from outside the assembly, nor does it operate as a multi-employer plan.

### What is ALEPEPREV's relationship with the Pernambuco state government?

ALEPEPREV was founded by and exclusively serves the Legislative Assembly of Pernambuco, a separate constitutional branch from the state's executive government. It does not manage pensions for general state employees — those fall under different state-level regimes. The assembly is both sponsor and sole beneficiary channel.

### What type of pension plan does ALEPEPREV administer?

The fund operates a Defined Contribution (CD) plan, meaning retirement benefits depend on accumulated contributions and investment returns rather than a pre-defined formula based on salary and tenure. This structure shifts longevity and investment risk to the plan participants.

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/alepeprev

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