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Bolsonaro proposes pension overhaul for Brazil
Source: BBC
Bolsonaro proposes pension overhaul for Brazil
20 February 2019
The new president of Brazil has put forward a plan to revamp the country's pension system - tackling a reform considered critical to boosting growth of South America's biggest economy.
The proposal would set a minimum retirement age of 65 for men and 62 for women, among other changes.
The government said the overhaul would save more than 1 trillion reais (£210bn; $270bn) over the next decade.
But opposition parties argue the changes would penalise the poorest.
The proposal must be approved by both Houses of Congress.
-snip-
20 February 2019
The new president of Brazil has put forward a plan to revamp the country's pension system - tackling a reform considered critical to boosting growth of South America's biggest economy.
The proposal would set a minimum retirement age of 65 for men and 62 for women, among other changes.
The government said the overhaul would save more than 1 trillion reais (£210bn; $270bn) over the next decade.
But opposition parties argue the changes would penalise the poorest.
The proposal must be approved by both Houses of Congress.
-snip-
Read more: https://www.bbc.com/news/business-47311476