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BR PENSION REFORM LIL

Abstract*

The overall objective of the State Pension Systems Reform Technical Assistance Project is to prepare the states technically to address pension reform and help them to move through the initial phases of reform. It is also to assist the Federal and Sate Governments to choose from among the best options and encourage them to implement sound reforms. State pension reform comprises four phases: (a) technical preparedness and diagnostic; (b) elaboration...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

TA/SUPPORT FOR STATES PENSION REFORM

Key Details

Project Details

  • P057910

  • Closed

  • Linn A. Hammergren

  • N/A

  • Brazil

  • October 5, 1998

  • (as of board presentation)

    June 30, 1998

  • June 22, 1999

  • US$ 5.00 million

  • C

  • Not Applicable

  • December 1, 2005

  • BANK APPROVED

  • January 15, 2013

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 5.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 5.00
IDA Commitment N/A
IBRD + IDA Commitment 5.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 10.00

Summary Status of World Bank Financing (US$ Millions) as of June 30, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of June 30, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Jun 30, 1998 IBRD-43690 Loan Commitment 5,000,000.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Progress towards achievement of PDO Highly Satisfactory 2006-01-03
Project Management Moderately Unsatisfactory 2006-01-03
Financial Management Satisfactory 2006-01-03
Monitoring and Evaluation Highly Satisfactory 2006-01-03
Overall Implementation Progress (IP) Moderately Satisfactory 2006-01-03
Counterpart Funding Satisfactory 2006-01-03
Procurement Moderately Satisfactory 2006-01-03

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 11-27-2006PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingSatisfactory N/a
Risk To Development OutcomeNot RatedN/a
Bank PerformanceSatisfactoryN/a
Borrower PerformanceHighly SatisfactoryN/a
Government PerformanceHighly SatisfactoryN/a
Implementing AgencyHighly SatisfactoryN/a
Icr QualityUnsatisfactoryN/a
M&e QualityNot RatedN/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • *SIPREV software installed in states: this is a best practice electronic cadastre formatting that permits various pension calculations.ValueNo software existed. (initially proposed to rely Installed in 15 states and numerous municipalities*New PDO identified during project implementation.
    DateJune 22, 1999December 8, 2005December 1, 2005
    Comment
  • *SIPREV pay roll & benefits modules being developed by other loans; actuarial module being installed & analysis now required by law ValueNo legislation requiring actuarial analysis existeModules necessary for functioning of SIPREV in pla*New PDO and developed during project implementati
    DateJune 22, 1999December 8, 2005December 1, 2005
    Comment
  • *CRP website launched and running: shows whether legislation and actuarial analysis of sub-national governments satisfactoryValueNo legislation or requirement or website existed. Constitution amended and SPS empowered to vet legi*New PDO developed during project implementation.
    DateJune 22, 1999December 8, 2005December 1, 2005
    Comment
  • *CONAPREV launched and functioning: a Ministry sponsored organization of state pension officials similar to what exists for other major ministriesValueNo organization existedNational association of pension officials launched*New PDO developed during project implementation.
    DateJune 22, 1999December 8, 2005December 1, 2005
    Comment
  • *Assist in developing reform amendments and legislation ValueNeeded reform legislation including ConstitutionalDEPSP helped write reform legislation including Co*Reform legislation was a vague hope at time of pr
    DateJune 22, 1999December 8, 2005December 1, 2005
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Establish permanent/adequately resourced and strengthened pension units.ValueFragmented organizations with poor data bases and Units with appropriate mandates already existed. NState agencies with mandates and resources now exi
    DateJune 22, 1999December 8, 2005December 1, 2005
    Comment
  • Train state officials in PROST/simulations/pension reform. ValueNo extant pension software existed and states had Officials from 26 States and DF trained in PROST; This was an original PDO. All participating state
    DateJune 22, 1999December 8, 2005December 1, 2005
    Comment
  • (1) Diagnose cadastre problems by cleansing cadastres on 15% samples in 15 states (2) Build reform constituencies through state workshops - 2 in each of 15 states- and dissemination activitiesValue(1)No legal access to state data bases, no informa(1) 17 states under contract or finished some formOriginal PDOs. (1) 15 states, 15% samples (2) 15
    DateJune 22, 1999December 8, 2005December 1, 2005
    Comment
  • Undertake actuarial analyses in 15 States (target), disseminate results and develop reform proposals with PARSEP funds on cleansed cadastres.ValueOnly 2-3 states had done legitimate actuarial analActuarial analyses are now legally required of subOriginal PDO. Done in 21 states. Far exceeded.
    DateJune 22, 1999December 8, 2005December 1, 2005
    Comment
  • Develop (phase #3) pension reform proposals based upon cadastre/actuarial work, disseminate and debateValueNo constitutional mandate to impose state reformBrazil reforms supported by PARSEP took the reformOriginal PDO. Intended to do studies and develop
    DateJune 22, 1999December 8, 2005December 1, 2005
    Comment
  • Establish permanent, adequately resourced MPAS unit to monitor and give TA to states.ValueNo sub-national pension unit existed in Ministry, MPS is now mandated by law to do M&E and enforce a Original PDO. Required studies and debate. Far
    DateJune 22, 1999December 8, 2005December 1, 2005
    Comment
  • Improve pension fund management drawing on studiesValueNo constitutional mandate for improvement and weakReform (legislation, cadastre, actuarial, CRP, SIPOriginal PDO. Called for studies and improvements
    DateJune 22, 1999December 8, 2005December 1, 2005
    Comment
  • Clarify Federal pension obligations to states (Compensacao Financeira)ValueMinistry initially did not want to do this for feaMPS funded this. SIPREV helps states to identify aOriginal PDO. Funded by Ministry. Completed.
    DateJune 22, 1999December 8, 2005December 1, 2005
    Comment