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Montevideo, September 20th 2017 - 03:52 UTC

Tag: pension reform Brazil

  • Friday, August 4th 2017 - 08:09 UTC

    Temer expected to retake reforms agenda with Congress, but how strong is he?

    Temer emboldened by a 263-227 vote to block the bribery charges, now wants to resume talks with legislators by early next week, gauging support for the reforms

    Brazil's Congress is expected to reopen the door for a modest pension overhaul as soon as October, lawmakers said before returning to normal business on Thursday following a vote to block a corruption trial against President Michel Temer. Still, legislators warned that Temer must spend some of his newfound political capital either on measures raising tax revenue or a new, less ambitious 2017 budget target.

  • Tuesday, May 16th 2017 - 08:13 UTC

    Temer admits not having the votes to pass the pension reform bill: investors edgy

    Temer said the coalition will only put the pension reform to the vote when it has guaranteed support of between 320/330 lawmakers to clear the 308 votes needed

    Brazilian President Michel Temer acknowledged on Monday that he may not have the votes at present to pass his pension reform bill in the lower house of Congress, and the key measure for fiscal savings might not face a floor vote until late May.

  • Wednesday, April 19th 2017 - 14:38 UTC

    Brazilian economy gives signs of recovery, but many challenges remain

    “The economy will likely get to the end of this year with a meaningful growth rate,” Finance Minister Henrique Meirelles said in a speech during an event in Brasilia

    Economic activity in Brazil grew in February at the fastest pace since January 2010, a central bank indicator showed this week, in the strongest sign yet that Latin America's largest economy is emerging from a two-year recession. Bumper harvests are expected to have lifted agricultural production in the first quarter of the year, while industrial output improved on a pickup in car exports.

  • Wednesday, April 19th 2017 - 14:27 UTC

    Police unions storm Congress in Brasilia to protest pension reform bill

    Protesting police unions clashed with congressional guards in riot gear, who used tear gas and stun grenades to disperse demonstrators from the doors of Congress.

    Brazilian President Michel Temer on Tuesday made new concessions to ease passage of an unpopular pension reform bill, leading police unions to try and invade Congress in the latest angry demonstration from a labor group.

  • Friday, April 7th 2017 - 12:14 UTC

    Temer accepts to water down landmark pensions' reform to ensure congressional approval

    A revamp of Brazil's costly pension system is the centerpiece of Temer's crusade to balance the government budget and reverse the rise in public debt

    Brazilian President Michel Temer plans to water down its landmark pension reform proposal to ease lawmakers' resistance to the controversial bill key to rebalance the government's depleted finances. Temer said in a radio interview on Thursday he has authorized the lawmaker sponsoring the plan to alter its terms as long as he maintains the bill's minimum retirement age. He did not specify what changes could take place.

  • Thursday, December 8th 2016 - 11:53 UTC

    Temer submits pension reform bill: retirement age raised to 65

    Government figures show the average age of retirement in Brazil is 58, among the lowest in the world.

    Brazil's President Michel Temer submitted a crucial bill to Congress that would raise the retirement age to 65. The draft bill, part of a pension reform plan, would apply to all men under 50 and women under 45, following 25 years of contributing to social security.