Brazil’s Pension Reform: A Herculean Task

Brazil’s Pension Reform: A Herculean Task

Investor Confidence, Economic Growth Tied to Positive Outcome
brazil's pension reform
Brazil’s pension system is among the most generous in the world, according to the OECD. (Alexa_Fotos)

Brazil’s Pension Reform: A Herculean Task

1170 658 Maurício F. Bento

On August 7, Brazil’s Chamber of Deputies passed by a wide margin a long-awaited amendment to reform the country’s notoriously insolvent pensions. The bill now moves on to the Senate, where it will take around 60 days before becoming law or being shelved.

Recent polls show a majority of Brazilians support altering the social-security system, and they are not alone. Local and foreign investors are waiting on the outcome since the reform is key to reducing Brazil’s deficit and sovereign risk premium.

Backgrounder Content

  • What is the size and scope of Brazil’s pension problem?
  • What are the reform’s main changes and objectives?
  • How will the pension reform benefit Brazil’s economy in the short and long terms?
  • How likely is it to pass through Congress? Have lobbies succeeded in removing any key elements?
Brazil’s Pension Reform: A Herculean Task (four pages) Download

Econ Americas’s Previous Coverage

Why Brazil Cannot Avoid Pension Reform,” by Maurício F. Bento

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Maurício F. Bento

Maurício F. Bento

Maurício F. Bento holds a Master’s degree in Economics. He has lived in Washington where he worked with the Cato Institute and the Charles Koch Institute. Currently, he lives in the Brazilian capital, Brasilia, and is a Non-Resident Fellow of the Property Rights Alliance.

All stories by:Maurício F. Bento
Maurício F. Bento

Maurício F. Bento

Maurício F. Bento holds a Master’s degree in Economics. He has lived in Washington where he worked with the Cato Institute and the Charles Koch Institute. Currently, he lives in the Brazilian capital, Brasilia, and is a Non-Resident Fellow of the Property Rights Alliance.

All stories by:Maurício F. Bento