23 10, 2019

Brazil’s Bolsonaro heralds ‘great day’ as Senate approves pension reform

2019-10-23T14:11:54-07:00October 23rd, 2019|Categories: Pension Reform|Tags: , |

Brazil's President Jair Bolsonaro on Tuesday hailed the Senate's approval of a sweeping overhaul of the nation's pension system as a launch pad for the wider economy, although voting on the last few remaining amendments was delayed to the following day. Pension reform is seen by the government and many economists as crucial to stabilizing Brazil's public finances and restoring business confidence, conditions they say will lead to stronger and more sustainable growth in Latin America's largest economy. The [...]

24 04, 2019

Brazil pension reform is constitutional, congressional committee votes

2019-04-24T10:47:44-07:00April 24th, 2019|Categories: Pension Reform|Tags: , |

Pension reform in Brazil cleared a congressional hurdle late on Tuesday after a lengthy and tumultuous debate, a sign that the government was finally building support for its most important economic reform, but which may face a steep climb ahead. The Constitutional and Legal Affairs Committee (CCJ) in the lower house of Congress approved the constitutionality of a reform bill by 48 votes to 18, paving the way for analysis and discussion by a special commission. However, that optimism [...]

21 12, 2017

Brazil Tries to Avert Credit Downgrade as Pension Reform Doubts Grow

2017-12-21T10:13:37-08:00December 21st, 2017|Categories: Pension Reform|Tags: , |

Brazil’s Finance Minister Henrique Meirelles will speak to major credit rating agencies on Thursday as the government scrambles to avoid a sovereign debt downgrade due to growing doubts that its proposed pension reform can rein in surging public debt. A vote on the unpopular bill to overhaul the social security system, seen as vital to closing the fiscal deficit, has been delayed to 2018 after failing to muster support in Congress. Lawmakers have warned that handling the hot-button issue [...]

8 11, 2017

Brazil’s pension reform can be approved in 2018, minister says

2017-11-08T18:48:26-08:00November 8th, 2017|Categories: Pension Reform|Tags: |

The pension overhaul proposed by Brazil’s government can be approved by Congress next year despite upcoming elections if there is no time to do so in 2017, Finance Minister Henrique Meirelles told journalists on Tuesday. Meirelles also said he expects to submit to Congress within two weeks a bill empowering creditors in debt restructuring processes. Source: Reuters

16 02, 2016

Discussions on Brazil’s pension reforms postponed

2016-02-16T22:33:07-08:00February 16th, 2016|Categories: Pension Reform|Tags: |

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. […]