FIAP

1
International Overview
Social Security Tripod
SOCIAL SECURITY
Government
Individual
CORPORATE
Coverage - 10 SM Desirable - 3 SM
Regulation Bills
2
Supplementary Pension Legislation
Status - final passing stage Progress
- sectorial funds deferred taxation vesting
portability
3
Abrapps Actions

• Regulation of Supplementary Bills
• From Fomento to the implementation of Pension
  Funds
• Training
• Education of technicians
• Specialization of managers
• Excellence Center

4
Consolidated Investment Portfolio
R million
Break-down

dec/98

dec/99
Variation
1 - Shares 2 - Real Estate 3 - Term
Deposits 4 - Investment Funds - RF 5 -
Investment Funds - RV 6 - Loans to Members 7 -
Real Estate Loans 8 - Debentures 9 -
Bonds 10 - Other 11 Transactions whit
Sponsors TOTAL
19,2 10,7 9,7 22,8 10,2 1,9 4,4 3,6 6,5 2,6 8,4 10
0
17.465 9.684 8.818 20.648 9.214 1.740 4.021 3.229
5.918 2.382 7.637 90.756
26,3 8,8 4,6 31,6 12,2 1,6 3,4 2,5 6,3 2,6 0,1 100
30.259 10.110 5.313 36.423 14.066 1.805 3.868 2.89
2 7.307 3.011 70 115.124
73 4 (40) 76 53 4 (4) (10) 23 26 (99) 27
Source Abrapp
5
Investment Growth
(R MILLION)
PERIOD INVESTMENTS VARIATION
VARIATION INITIAL FINAL
Accrued Average
1994 1995 1996 1997 1998 Dez/99
/// 46.488 57.461 71.672 86.861 90.757
/// 23,6 24,7 21,2 4,5 26,8
46.488 57.461 71.672 86.861 90.757 115.124
/// 23,60 24,17 23,17 18,20 19,88
Average up to each years limit
Source Abrapp
6
Benefits Statement Accrued Value
Retirements
Monthly Payment Benefits
Retirement by Disability
Special Retirement Conditions
Retirement by Age
Retirement by Seniority
Lump sum Payment Benefits
Pensions
36,03
1,42
0,67
0,90
1,96
0,81
2,01
1,54
Dec./99
7
Benefits Statement Accrued Value
R/thousand
Jan/Dec./99
8
Authorized Pension Funds
309
326
339
352
359
362
Source SPC
1995
1996
1997
1998
1999
Feb/00
9
Pension Fund Participants
in thousands
Active Participants
1.618
Retirees and Pensioners
365
Dependents
4.358
Total
6.341
dec/99
Source MPAS/SPC
10
Pension Fund Growth Potential
Scenario - 5 SM Quantity EFPP Invest. R
B. Scenario - 7 SM Quantity EFPP Invest. R
B. Scenario - 10 SM Quantity EFPP Invest. R B.