IPRESMAT

IPRESMAT

IPRESMAT is the Social Security Institute (Regime Próprio de Previdência Social, or RPPS) of the Municipality of São Mateus do Sul, Paraná. Unlike the federal INSS regime, RPPS funds independently administer the retirement and pension benefits of a specific municipality's civil servants. The institute was established and is funded by the municipal government and is legally distinct in its asset management and benefit obligations. Ednilson Kujawa currently serves as President Director, with Paula Vanessa Marques Mendes overseeing the Financial and Administrative Department. The fund's investment policy is governed by Resolution CMN 4,963, which restricts RPPS asset allocation to highly regulated instruments. Capital is deployed predominantly into Brazilian government bonds, investment-grade fixed-income funds, and a limited allocation to domestic public equities and real-asset funds. IPRESMAT does not invest in private equity, venture capital, or international securities, reflecting the conservative mandate typical of sub-scale Brazilian municipal pension funds. It participates in regional industry groups ANEPREM and ASSIMPASC to share operational best practices and investment governance standards. With total assets estimated at approximately R$240 million (per Altss estimate), IPRESMAT ranks among the smaller of Brazil's roughly 2,100 RPPS entities. Its administrative footprint extends across two addresses in central São Mateus do Sul. The institute's governance pivots on a directorship appointed by the municipality, with limited public disclosure of specific portfolio holdings or investment-committee members beyond the named directors. Patricia Schedolsky Molenda held the President Director role prior to Kujawa's tenure. Structurally, IPRESMAT's most defining trait is its scale — a micro-allocation pension fund operating within a tightly regulated national framework that leaves minimal room for discretionary strategy. Unlike large Brazilian state-level RPPS funds like PREVCOM or SPPREV, which have professional teams and diversified portfolios including alternatives, IPRESMAT's governance and investment execution remain closely tied to the municipal administration, making it functionally more akin to a dedicated city treasury function than an independent asset owner.