# IPREVI Itatiaia IPREVI Itatiaia is a Pension Fund based in Itatiaia, Brazil. ## Overview - **Organization type:** Pension Fund - **Headquarters:** Itatiaia, Brazil - **Region:** South America - **Address:** Avenida dos Expedicionários, 301, Centro, Itatiaia, RJ, 27580-000, Brazil - **Founded:** 1999 - **Assets under management:** Undisclosed - **Website:** www.iprevi.rj.gov.br - **LinkedIn:** https://br.linkedin.com/company/iprevi---instituto-de-previd%C3%AAncia-dos-servidores-p%C3%BAblicos-do-munic%C3%ADpio-de-itatiaia ## Regulatory record - **Reports private funds:** No ## About IPREVI Itatiaia was established in 1999 as the Own Regime social security institute for the Municipality of Itatiaia, in Rio de Janeiro state. Director-President Alessandra Arantes Marques, formerly the municipal Secretary of Finance, has overseen the fund since its creation. The institute is responsible for the full lifecycle of social security provision: collecting contributions from active municipal employees, managing the accumulated financial resources, and disbursing retirement and pension benefits to eligible beneficiaries across all branches of local government. The fund operates under Brazil's constitutional framework for subnational social security, which requires municipalities to maintain segregated accounts for public servant pensions. IPREVI's investment posture is conservative by mandate, reflecting its primary obligation to meet actuarial liabilities for current and future retirees. The fund holds a diversified portfolio within the constraints of Brazilian pension regulations, which permit allocations across government bonds, corporate credit, equity funds, real estate, and alternative assets. IPREVI holds direct real estate through its headquarters building on Avenida dos Expedicionários and a municipal land grant within Itatiaia. The fund participates in industry associations ABIPEM and ANEPREM, the two principal bodies representing state and municipal pension institutions in Brazil. The institute is governed by a board of directors and an investment committee, with Isaltina Cássia da Silva Alvim Dias serving as Director of Administration and Finance and Ives Pereira Tavares sitting on both the investment committee and the board. The fund's assets under management remain undisclosed, consistent with many small municipal Own Regime institutions in Brazil that are not subject to the same public disclosure requirements as larger state-level or federal funds. IPREVI's operational footprint is confined to Itatiaia, with no additional offices. The structural distinction of IPREVI Itatiaia lies in its integration with the municipal payroll system. Unlike autonomous pension funds that operate at arm's length from their sponsor entities, a municipal Own Regime institute like IPREVI functions as a department of local government, with contribution collection embedded directly in the city's financial administration. This architecture gives the fund a captive contribution base but also subjects its governance to the same political cycles that shape municipal leadership — a configuration that demands particular attention to the separation of investment decisions from short-term fiscal pressures. ## People - Alessandra Arantes Marques — Director-President - Isaltina Cássia da Silva Alvim Dias — Director of Administration and Finance - Ives Pereira Tavares — Member of the Investment Committee and Board of Directors ## Questions ### What is an Own Regime social security institute in Brazil? An Own Regime (Regime Próprio de Previdência Social) is a constitutionally permitted pension system that Brazilian states and municipalities can establish for their public servants, separate from the federal general regime administered by the INSS. Each municipality with an Own Regime must create a dedicated institute — like IPREVI Itatiaia — to collect contributions, manage assets, and pay benefits. These entities are subject to federal oversight and actuarial discipline requirements but vary widely in governance quality and asset size. ### Who runs investment decisions at IPREVI Itatiaia? The fund's investment decisions are overseen by its investment committee and board of directors, which includes Ives Pereira Tavares as a member of both bodies. The Director-President, Alessandra Arantes Marques, provides executive leadership, while the Director of Administration and Finance, Isaltina Cássia da Silva Alvim Dias, handles operational management. Investment policies are constrained by Brazilian pension regulations that prescribe prudent limits on asset-class exposures for subnational funds. ### Is IPREVI Itatiaia's AUM publicly available? No. Many small municipal Own Regime institutes in Brazil do not publicly disclose their assets under management at a frequency or level of detail comparable to larger state-level or federal pension funds. The absence of reported AUM does not imply underfunding, but it is typical for institutions serving modest municipal populations that are not tracked by major pension data providers. ### How is IPREVI Itatiaia governed? IPREVI is governed by a board of directors and an investment committee, with named executives including the Director-President, the Director of Administration and Finance, and committee members. The institute participates in two national associations for municipal and state pension entities — ABIPEM and ANEPREM — which provide technical guidance and advocacy for Own Regime funds. Governance quality is shaped by the same municipal political leadership that appoints its executives. ## Related profiles - [IPREMOR](https://altss.com/profile/ipremor) - [Ipsen Advisor Group](https://altss.com/profile/ipsen-advisor-group) --- Last updated: 2026-06-03T20:00:00.000Z Canonical page: https://altss.com/profile/iprevi-itatiaia Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology