Pension reform in Brazil

Pension reform in Brazil
National Congress
  • Modifies the social security system, stablishes transition rules and transitory dispositions and gives other providences.
Territorial extentWhole of Brazil
Passed byChamber of Deputies
Passed7 August 2019
Passed byFederal Senate
Passed22 October 2019
Signed byPresident Jair Bolsonaro
Signed12 November 2019
Effective1 March 2020
Legislative history
First chamber: Chamber of Deputies
Bill titleConstitutional Amendment Project 6/2019
Bill citationPEC 6/2019
Introduced byPresident Jair Bolsonaro
Introduced20 February 2019
First reading20 February 2019
Second reading5 July 2019
Third reading1 August 2019
Voting summary
  • 379 voted for
  • 131 voted against
Second chamber: Federal Senate
Bill titleConstitutional Amendment Project 6/2019
Bill citationPEC 6/2019
Received from the Chamber of Deputies8 August 2019
First reading8 August 2019
Second reading4 September 2019
Third reading1 October 2019
Voting summary
  • 60 voted for
  • 19 voted against
Keywords
Status: In force
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The Pension reform in Brazil was a proposal by the Brazilian government to amend the Constitution for the reform of the social security system of the country. By changing the country's constitution, it had to be approved in both houses of the National Congress by an absolute majority.[1][2] The reform was created to combat the giant deficit in the pension system, of more than R$194 billion in 2018, and the rapid aging of the Brazilian population.[3]

The original text was delivered by the President of Brazil Jair Bolsonaro to the President of the Chamber of Deputies Rodrigo Maia on 20 February 2019 to initiate the legal rite.[2] The reform proposal was approved by the Federal Senate on 22 October 2019, becoming law and coming into force automatically.[4] Among other details, the reform raises the retirement age and requires more time for civil service workers to receive a maximum retirement benefit.

  1. ^ "Brazil pension reform clears Congress, stocks hit new highs". Reuters. 22 October 2019.
  2. ^ a b "O caminho da reforma da Previdência no Congresso Nacional". Nexo Jornal (in Portuguese). 28 May 2019.
  3. ^ "Reforma da Previdência: entenda a proposta em 22 pontos". O Globo (in Portuguese).
  4. ^ "Previdência: Senado aprova texto-base, mas adia conclusão da votação para esta quarta". G1 (in Portuguese). 22 October 2019.