As the latest step in the process to reform Brazil’s social security system, President Jair Bolsonaro presented the government’s proposal to overhaul military pensions.
While the bill provides significant savings for the public treasury, the move to cut military pensions was accompanied by a vast (and expensive) career restructuring program for the Armed Forces, greatly reducing the amount saved by the overhaul.
The lack of a bill to reform military pensions caused the general social security overhaul process to come to a standstill in the House of Representatives, as the president of the Committee of Constitution and Justice (CCJ) demanded the proposal be submitted before moving forward with the broader pension reform bill. Now, the CCJ is expected to approve the government’s reform by the first week of April, allowing it to move on to the next...
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