Discussions regarding Brazil’s public pension reforms have been postponed.

According to newspaper Estadão, the reforms are now expected to occur at a much slower pace than previously thought and desired by the country’s economic team.

Finance minister Nelson Barbosa was supposed to present his proposal for the reforms at a meeting on Wednesday (Feb 17) of the Debate Forum on Employment Policies, Work, Income and Public Pensions. But labor and social security minister Miguel Rossetto announced in a statement on Thursday (Feb 11) that the agenda for the event would cover only measures for the return to economic growth.

While the specific content of the proposal on pension reforms will not be addressed, similar themes will be discussed as part of the agenda that has already been set.

According to Rossetto, the government currently only has ideas and thoughts on pension reform, and does not yet have a consolidate proposal.

“There are several alternatives,” said Rossetto. “We will treat this matter with the responsibility and the social importance it requires. Our goal is to consolidate a pension plan that is fair and sustainable.”

Source: Business News Americas