How fgts would become an efficient defined contribution retirement plan investing in selfies. A solution focused on future real income
Résumé
This article proposes changes in the General Fund for Length of Service (FGTS) rules based on Relative Asset Pricing Model (RAPM) theory, having a New Brazilian Government Bond (NBGB), based on SeLFIES (Standard of Living Indexed, Forward-starting, Income-only Securities), as its main asset. This proposal results from an inductive research of Brazilian Laws ruled mandatory investments of Defined Contribution (DC) plans in the past.
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DOI: http://dx.doi.org/10.21902/rbp.v11i1.4436
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