Print Print edition: 2016-12-08

Brazil's Temer unveils pension reform

Published December 8, 2016 Updated December 8, 2016 12:00am

Brazil President Michel Temer appealed to political leaders on Monday to back his unpopular proposal to reform the country's costly pension system that would force Brazilians to work more years before being eligible for full retirement benefits.
The plan, aimed at restoring fiscal discipline to in an effort to regain investors' confidence, would set a minimum age of retirement at 65 years in a country where people work on average until the age of 54 years before retiring.