Tag: pension reform
Economy minister is worried about Congress passing a diluted’ version.
Amid acrimony and a deadlocked legislature on the retirement plan issue, small signs of change are welcome.
Dem backing a Republican bill improves its chances in a blue legislature.
The OAK prefers a uniform interest rate for the public workers and two other retirement plans, which a lobbying group says is wrongheaded.
Jair Bolsonaro predicts initial investments to be almost $2 billion.
Newly hired state workers will get lower benefits and either a 401(k) or hybrid retirement plan to save tax dollars, prop up DB funding levels.
Jair Bolsonaro plans to meet with incumbent Temer to jump-start effort.
Put beginning teachers and government workers into a hybrid plan to trim the state’s funding deficit, group says.
Credit rating agencies say fixes for the severely underfunded retirement system don’t go far enough.
State will contribute $225 million extra annually, and both employer and employee contributions rise.