Ever since Jair Bolsonaro was elected President of Brazil in October, the primary focus of the government, businesses and investors has been on the progress being made with the much needed pension reform. Not only is the Brazilian pension system fiscally unsustainable, it is inequitable and disproportionately favours public sector employees. Highly unpopular when first introduced by Michel Temer back in 2016, it is now widely acknowledged in Congress and among the population that a comprehensive pension reform is essential to ensure fiscal stability for Brazil.
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