Brazil pension contributions proposal shift expected

By
Monday, April 17, 2017

The Brazilian government is expected to withdraw from its pension reform proposals the need for workers to contribute for 49 years in order to receive a full pension.

According to Reuters, several concessions are being discussed.

Start your 15 day free trial now!

cta-arrow

Already a subscriber? Please, login

"The rapporteur is analyzing several alternatives, making final decisions," said the chairman of the special reform commission, lawmaker Carlos Marun, Reuters reported.

"But this issue of 49 years of contributions, which has caused so much damage to the reform, will no longer be present in the report," he was quoted as saying.

The number of years of contributions required to receive full retirement benefits is now expected to be lowered to 40, with the pension ceiling at 5,531 reais (US$1,779.82) a month.

The news comes after the country's supreme court authorized probes into dozens of politicians allegedly involved in the Lava Jato corruption scandal.