Pension reform proposal in Brazil sets minimum age of 65 for retirement
The draft pension reform bill presented by the Brazilian federal government sets the age of 65 with 25 years of contributions as the minimum for retirement for both men and women.Article continues below
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The text also establishes rules for the transition period and respects the acquired rights of citizens.
According to the draft bill, the requirement for 65 years of age and 25 years of contribution as the minimum for retirement will apply for all men under 50 and women under 45.
Men over 50 and women over 45 will be included in a transitional system, under which they will be subject to a 50% increase on their remaining contribution time according to the previous system.
For example: a worker who would reach their minimum contribution age within one year in the previous system will now have to work a bit longer to retire under the transitional rule: a year and a half.
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