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How Brazil’s pension system compares to other countries

How Brazil's pension system compares to other countries pension reform

Brazil’s pension system is widely regarded—except among some economists from the Workers’ Party— as being something of a “ticking time bomb.” During his term, President Michel Temer tried to propose an overhaul of the system, spending BRL 100 million on ads against the “privileges” created by Brazil’s current pension regime, in which “those who work a little and make a lot get to retire early.” However, it was a futile effort to convince Brazilians that a reform is necessary. Organized lobbies protected themselves, with the help of Congress, and the reform went nowhere.

This week, future Minister of the...

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