The Senate approved on October 22nd, the basic text of the Social Security reform, which profoundly changes the retirement rules of Brazil.
The adoption of a minimum age, considered the main change, removes the country from a small group of nations that still allows the granting of the benefit considering only the contribution time. This modality, according to the economic area, favors higher income workers.
The vote on the base text in the Senate second round had 60 votes in favor and 19 against and guarantees a saving of $ 800.3 billion in ten years.
In 2019, the forecast is that the deficit of the INSS and the own regimes of civil and military federal servants will reach $ 292 billion. In a single year, the government needs to spend the equivalent of ten annual Bolsa Família budgets to cover the gap in pensions.
Source: R7 - News
Av. Dr. Chucri Zaidan, 296 - 23º andar
Vila Cordeiro - São Paulo – SP
CEP: 04583-110
