In today’s issue: Pension reform announced, but still vague.
Pension reform announced, but still vague
President Jair Bolsonaro has settled on a minimum retirement age for Brazilian workers: 65 for men, 62 for women—with a transition period of 12 years. These pieces of information alone managed to push the São Paulo stock market index up 2.27% yesterday. A detailed bill, however, should only make it to Congress next week.