# IPMJP

IPMJP is a Pension Fund based in João Pessoa, Brazil.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** João Pessoa, Brazil
- **Region:** South America
- **Address:** João Pessoa, Paraíba, Brazil
- **Founded:** 1984
- **Assets under management:** Undisclosed (Altss estimate: BRL 974M, ~USD 178M)
- **Website:** ipmjp.pb.gov.br
- **LinkedIn:** https://www.linkedin.com/company/ipmjp

## Regulatory record

- **Reports private funds:** No

## About

Founded in 1984 as IPAM, the Instituto de Previdência do Município de João Pessoa originally bundled social security with medical and dental assistance for municipal workers. Regulatory changes in 2000 narrowed its mandate to pension administration alone, creating the IPMJP of today. Superintendent Caroline Ferreira Agra chairs the council and oversees a team that includes adjunct superintendent Euripedes Leal. IPMJP manages a portfolio weighted toward NTN-B treasury bonds, Brazil's inflation-protected sovereign instruments, with additional exposure to domestic real assets. The fund operates within Brazilian pension regulations that govern municipal social security entities, and its deployment is tied to local government fiscal obligations. Regional footprint is concentrated in Paraíba state, serving the retirement liabilities of João Pessoa's permanent municipal workforce. The organization participates in two national pension industry associations, ABIPEM and ANEPREM, which shape policy and technical standards for public pension funds across Brazil. It also maintains auxiliary programs — Clube de Vantagens and Projeto Longeviva — that extend services to retirees beyond core benefit disbursement. IPMJP's structure as a single-municipality pension fund, rather than a pooled state or federal vehicle, creates a direct link between its investment posture and the fiscal health of João Pessoa. This municipal-level model exposes the fund to concentrated demographic and economic trends within a single city, a governance dynamic distinct from larger multi-employer or state-run pension systems in Brazil.

## Sectors

- Fixed Income
- Real Assets

## People

- Caroline Ferreira Agra — Superintendent, President of the Council
- Euripedes Leal — Adjunct Superintendent
- Suzana Sitônio Eça — Chief of Administration and Finance
- Yuri Veiga Cavalcanti — Chief of Social Security

## Questions

### Who runs investment decisions at IPMJP?

The fund is overseen by a council whose president is Superintendent Caroline Ferreira Agra. Day-to-day administration is supported by adjunct superintendent Euripedes Leal, Chief of Administration and Finance Suzana Sitônio Eça, and Social Security Chief Yuri Veiga Cavalcanti. Investment strategy is executed within the regulatory framework of Brazilian municipal pension governance.

### How is IPMJP's investment portfolio allocated?

Known allocations point to a heavy concentration in NTN-B bonds, Brazil's inflation-linked sovereign debt. The fund also holds domestic real assets. Precise allocation percentages are not publicly disclosed, but the mandate reflects a liability-driven approach typical of small municipal pension funds in Brazil.

### What is the relationship between IPMJP and ABIPEM or ANEPREM?

IPMJP is a member of both ABIPEM (Associação Brasileira de Instituições Previdenciárias Estaduais e Municipais) and ANEPREM (Associação Nacional de Entidades de Previdência). These are industry associations that provide technical guidance and policy advocacy for public pension funds, not pooling or co-investment vehicles.

### Where does IPMJP's funding come from?

Contributions flow from the João Pessoa municipal government and its permanent employees, as required by the social security regime for public servants. The fund does not have external clients or outside investors — it is a single-employer pension plan by design.

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

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

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology