Brazilian gov’t presents softer pension reform bill

A new version of Brazil’s controversial pension reform bill that lowered the minimum contribution period to receive a pension was presented to the Congress on Wednesday.

The proposal was presented by Arthur Maia, rapporteur for the pension reform in the Chamber of Deputies, to gain the two-thirds majority needed to pass the reform.

The new bill lowered the minimum contribution period to 15 years from 25 years in the previous draft.

The revamped bill maintains the same minimum retirement ages at 65 for men and 62 for women, which Maia said were “non-negotiable.”

Read More: Global Times