While Michel Temer was still in office

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The issue of a possible pension reform came up. Since then, Brazil has been debating the implementation of new policies for the retirement of its citizens.

One of the priority issues of President Jair Bolsonaro and Economy Minister Paulo Guedes is the new pension reform that will change some aspects, such as the minimum retirement age, contribution time and others.

The proposal is currently awaiting approval in the Senate, where 阿富汗数字数据 it must also pass two rounds.

The reform will directly affect the lives of millions of Brazilians. This is why it is a topic of great importance for the entire nation. However, it is something that has still raised great doubts among everyone, mainly because the extent of the changes is not so accessible to the population.

To understand everything that is at stake and the procedures, we have prepared this article with:

why social security will be changed;
current rules;
what will change;
for whom it will be valid;
how the transition period works;
what is missing for the reform to be approved.
Why is social security being changed?
The new pension reform began to be debated in 2016, with PEC 287, which deals with social security.

In recent years, social security spending in Brazil has become incompatible with the federal government's income. According to a survey released by the Brazilian Institute of Geography and Statistics (IBGE), the country spends 13% of its GDP (Gross Domestic Product) on social security.

The money collected from social security comes mainly from a tax levied directly on the salaries of workers with formal employment contracts. This movement is provided for in the Constitution.

Thus, with the greater life expectancy of Brazilians and the aging population, there was an imbalance between the number of workers and retirees, overloading the Union.

The expectation, therefore, was that the new pension reform would save around R$1.3 trillion over 10 years. However, with the latest concessions made for the reform to be approved in the Chamber of Deputies, the savings will be R$933.5 billion.

Some of these concessions made in relation to the base text were:

shorter contribution period for men during the transition period;
shorter contribution period for women to receive 100% of their retirement pension;
reduction of the minimum age for federal police officers;
smoother transition rules for teachers.