On June 18, President Dilma Rousseff passed a presidential decree that tightens access to a full pension for those having worked long careers. If ratified by congress (required within 120 days of presidential signature) the measure will save the government 50 billion reais (14 billion €) by 2026. Public finances are in a dire state and the rating agencies need appeasing as they turn their attention towards an economy going through its worst slowdown in 25 years.
Currently workers not yet at state pension age (60 for women and 65 for men) can receive partial pension payments if they have a minimum number of contribution years behind them (30 for women, 35 for men) or even a full pension if the sum of their age and their contribution years reaches 85 for women and 95 for men.
Access threshold progressively pushed back. The system benefits those who started working young. For example the 85/95 rules allows a woman aged 47 with 30 years contributions to dra
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