# IPRESMAT

IPRESMAT is a Pension Fund based in São Mateus do Sul, Brazil.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** São Mateus do Sul, Brazil
- **Region:** South America
- **Address:** Rua Ulisses Faria, 955, Centro, São Mateus do Sul, PR, Brazil
- **Assets under management:** $40M–$45M (Altss estimate)
- **Website:** saomateusdosul.pr.gov.br

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Fixed Income
- Public Equities
- Real Estate

## Offices

- Rua Barão do Rio Branco, 431, Centro, São Mateus do Sul, PR, Brazil

## People

- Ednilson Kujawa — President Director
- Paula Vanessa Marques Mendes — Director of the Financial and Administrative Department
- Patricia Schedolsky Molenda — Former President Director

## Questions

### What is IPRESMAT's regulatory framework for investment?

IPRESMAT invests under Resolution CMN 4,963, issued by Brazil's National Monetary Council. This restricts the fund to highly regulated asset classes, predominantly Brazilian sovereign bonds, fixed-income investment funds, and limited domestic public equity exposure, with strict concentration limits and liquidity requirements. The regulation applies uniformly to all RPPS entities across Brazil.

### Who governs and oversees IPRESMAT?

IPRESMAT is governed by the Municipality of São Mateus do Sul, which appoints its President Director — currently Ednilson Kujawa. The fund's Financial and Administrative Department is directed by Paula Vanessa Marques Mendes. Oversight is shared between the municipal executive, the institute's own fiscal council expected under RPPS norms, and external bodies including the Ministry of Social Security and the Federal Audit Court.

### How does IPRESMAT source professional investment knowledge or peer support?

IPRESMAT is a member of ANEPREM, the National Association of State and Municipal Pension Entities, and ASSIMPASC, the Association of Pension Institutes of Santa Catarina. Both industry associations provide forums and training for smaller RPPS funds to share investment governance practices, regulatory compliance approaches, and operational frameworks with peer institutions.

### How is IPRESMAT different from Brazil's main federal pension system?

IPRESMAT is an RPPS — a Regime Próprio de Previdência Social — run independently by the municipality solely for its own civil servants. The federal INSS system (Regime Geral) covers private-sector workers nationally. RPPS funds like IPRESMAT manage their own assets, set local contribution rates, and pay benefits directly, whereas INSS pools contributions at the national level. Smaller RPPS entities face distinct funding and governance challenges compared to the larger federal system.

## Related profiles

- [City of Maitland Police and Firefighters' Pension Trust Fund](https://altss.com/profile/city-of-maitland-police-and-firefighters-pension-trust-fund)
- [Aberystwyth University Endowment](https://altss.com/profile/aberystwyth-university-endowment)

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

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

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