Instituto Fernand Braudel de Economia Mundial - Associado à FAAP

Think tank, and a do tank

Social Security: The reform of the reform

Two bills are currently circulating in the Brazilian Parliament that, if passed, will change the country’s Social Security program. If passed, bill 3299/08 will end the "security factor" and redefine the period used to calculate social benefits by considering only the last 36 months of contribution.

When: 05/25/2009, at 19:00

Two bills are currently circulating in the Brazilian Parliament that, if passed, will change the country’s Social Security program. If passed, bill 3299/08 will end the "security factor" and redefine the period used to calculate social benefits by considering only the last 36 months of contribution. The bill 1/07 would fix the rules of the minimum wage readjustment. This bill was amended by the Senate connecting all the raises in the social security system with the minimum wage.

There is not any consensus about the macroeconomic costs and impacts of the alternative models. Will the sustainability of the social security system in the long-term go against tax payers' and retirees' demands today? The increasingly old population increases uncertainties about the future. In this seminar, we will discuss the bills currently being analyzed in Parliament, their fiscal effects, and the effect on the country’s equilibrium between generations.

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