Brazilians protest Bolsonaro’s plan to overhaul pension system

Hundreds of public sector workers marched in Sao Paulo on Wednesday to protest against President-elect Jair Bolsonaro’s announced plans to overhaul the Brazilian pension system, starting by an increase in the minimum age of retirement.

Bolsonaro reportedly plans to increase the minimum retirement age by two years, meaning men could retire after 37 years of contributions, whereas women after 32 years of contributions.

His plans come as an attempt to cut ‘fiscally burdensome’ expenses of the budget, such as the existing pension system.

(Source: AFP)