Brazil’s government proposes setting retirement age at 65
SAO PAULO — The government is proposing that Brazil’s minimum retirement age be set at 65 as part of an overhaul to a pension system many say is unsustainable.
Currently, Brazilians have the option of retiring based on the number of years they have worked, and many retire in their mid-50s.
President Michel Temer presented the pension plan to congressional and union leaders Monday night. The proposal goes to Congress on Tuesday.