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Brazil Announces New Social Security Reform Bill

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Brazil’s President Michel Temer submitted a pension bill to Congress on Tuesday that will raise the minimum retirement age in the country from today’s 58 to 65 years and would require a person to work for 49 years to get full social security benefits.

"Ensuring the sustainability of social security is the premise of reform," said Marcelo Caetano, Social Security Secretary at the Ministry of Finance during a press conference to announce the reform bill. For officials if a drastic reform is not conducted in the country’s . . .

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