Economy

What’s in the pension reform bill leaked by the Brazilian government

pension reform brazil

Prior to leaving office, former President Michel Temer said Brazilians would come to miss him—despite being the least popular president in the country’s democratic history. Perhaps, we are starting to realize what he meant. On Monday, the press took hold of a document that appeared to be the government’s pension reform bill, including a much harsher set of proposals than what Mr. Temer submitted in 2017, and Congress dismissed.

The Ministry of the Economy has yet to present the document to President Jair Bolsonaro, who is recovering from a surgery to remove the colostomy bag he used after being stabbed in September 2018. Even prior to that, however, the government has been backpedaling on its proposal. After some backlash to the severe pension cuts on low-income citizens, the President’s Chief of Staff, Onyz Lorenzoni, stated the reform will be “very different” from the document leaked to the press.

The government’s Secretary of Social Security Rogério Marinho adopted the same approach, saying the document is “one of many” drafts being analyzed by the economic team. However, there is reportedly no decision about...

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