In today’s issue: Government presents much-anticipated pension reform bill. Can the pension reform pass in Congress?
Government presents much-anticipated pension reform bill
President Jair Bolsonaro and Economy Minister Paulo Guedes presented their much-anticipated bill to overhaul Brazil’s expensive pension system. We break down the main changes to the current framework:
- The minimum retirement age will be of 62 (women) and 65 (men). For teachers, it will be 60. Police agents can retire at 55, as long as they have worked for 25 years (women) and 30 years (men).
- To be eligible for retirement pensions, workers will have to have contributed to...