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TIMBOPREV
The Instituto de Previdência dos Servidores Públicos Municipais de Timbó — TIMBOPREV — was formed in 2011 as an autarchy by the Municipality of Timbó, Santa...
TIMBOPREV
The Instituto de Previdência dos Servidores Públicos Municipais de Timbó — TIMBOPREV — was formed in 2011 as an autarchy by the Municipality of Timbó, Santa Catarina. It operates the Regime Próprio de Previdência Social (RPPS) for the city’s active civil servants, retirees, and pensioners. The Board of Administration includes seats for municipal-service unions, a governance feature that embeds beneficiary voice directly into asset-allocation approvals. The fund’s investment posture is bounded by Brazilian CMN Resolution 4.963. The portfolio concentrates in local sovereign and private fixed-income securities alongside a direct head-office lease at Rua Recife, 143. No public record of venture, private equity, or international exposure exists. The natural-resources tag in Altss’s classification likely reflects Brazilian inflation-linked infrastructure debentures rather than direct commodity positions — a common yield-enhancement sleeve inside small RPPS portfolios. TIMBOPREV holds membership in ABIPEM and ASSIMPASC, the national and state-level associations for public pension institutes. These relationships function as peer capital-mobilization corridors, where actuarial advisory and regulatory-precedent sharing carry the same importance as capital placement. The firm lists Joel Ricardo Raiter and Carmelinde Brandt as its sole named investment principals; no external managers or asset-management mandates have been publicly identified. Structurally, TIMBOPREV differs from pooled multiemployer plans because its liabilities remain tethered exclusively to Timbó’s municipal payroll. Its investment committee answers to a board that includes labor representatives, meaning custody decisions sit closer to the beneficiary than at most larger state-level funds. That proximity makes liquidity and regulatory compliance the binding constraints — not relative performance against a peer benchmark.
General information
Firm type
Pension Fund
Year founded
2011
Location
Region
South America
Country
Brazil
City
Timbó
Corporate office
Rua Recife, nº 143, Centro, Timbó, SC, Brazil
Principals
Joel Ricardo Raiter
President of the Board of Administration and Member of the Investment Committee
Carmelinde Brandt
Administrative and Financial Director and President of the Investment Committee
Sector focus
Frequently asked questions
Who runs investment decisions at TIMBOPREV?
Carmelinde Brandt serves as Administrative and Financial Director and President of the Investment Committee. Joel Ricardo Raiter is President of the Board of Administration and also holds an Investment Committee seat. Their roles combine executive authority over benefit payments with oversight of the fund’s asset allocation, creating a governance model typical of small Brazilian municipal RPPS institutions.
What asset classes does TIMBOPREV invest in?
The core portfolio holds Brazilian fixed-income securities and the fund’s own office property in Timbó. The strategy description includes Natural Resources; for a fund of this size, that classification almost certainly indicates inflation-linked government infrastructure debentures rather than direct commodity investments. There is no disclosure of public equity, private equity, or international positions.
Does TIMBOPREV accept outside capital or co-investments?
No. TIMBOPREV is a closed, single-employer pension plan for Timbó’s municipal workforce. It does not pool capital with external institutional partners or operate co-investment vehicles alongside other allocators. Its liability profile is tied strictly to the municipality of Timbó.
How is TIMBOPREV governed?
The autarchy is directed by a Board of Administration led by President Joel Ricardo Raiter. Both the Sindicato dos Servidores Públicos Municipais de Timbó and the Sindicato dos Servidores Públicos Municipais de Timbó e Região hold representative seats on the board, directly involving beneficiaries in oversight. The Municipality of Timbó remains the sponsor.
What regulatory framework governs TIMBOPREV’s investments?
The portfolio must comply with Brazilian CMN Resolution 4.963 and subsequent amendments, which govern the asset-allocation limits and security types permitted for RPPS funds. These rules restrict municipally sponsored social-security plans to predetermined percentages in fixed income, real estate, equities, and multi-market funds, with a heavy conservative bias for smaller plans like TIMBOPREV.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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