Tom Murphy – Dow Jones, 11/04/2011
The administration of Brazil President Dilma Rousseff is pushing congress to pass the first stage of its planned pension reforms before the end of this year, Planning Minister Miriam Belchior said Friday.
“We are pushing for passage this year, at the very least in the Chamber of Deputies,” Belchior said at an investment conference in Sao Paulo.
The first stage of the government’s pension reform sets up a pension fund for incoming government workers. Such workers would no longer be eligible for current government pensions. Under current laws, most government workers are able to retire at full pay.
Brazil Portal 