Brazil lawmakers open pension debate as Bolsonaro pushes private savings accounts
Brazil’s congressional committee on pension reform began debating a revised bill on Tuesday, as President Jair Bolsonaro urged lawmakers to rethink their move to drop his plan to introduce a retirement system based on private savings accounts.
The debate, which could extend into next week, comes ahead of a committee vote on the bill by June 26, according to lower house Speaker Rodrigo Maia, before it is considered for plenary approval.
Committee Chairman Marcelo Ramos said he hopes for a “calm atmosphere,” unlike recent raucous debates over the government’s polarizing proposal to fix the country’s public finances and revive the flagging economy by cutting social security benefits.
The committee report on the government’s bill last week made substantial amendments, including the removal of private savings accounts, changes to public pensions for states and cities, and retirement rules for older and rural workers.
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