Brazil's Temer wants proposal for pension reform within 30 days [View all]

[Judi Lynn]

Mon May 16, 2016 7:01pm EDT

Brazil's Temer wants proposal for pension reform within 30 days

BRASILIA | By Lisandra Paraguassu and Alonso Soto


Brazilian interim President Michel Temer agreed with union leaders on Monday to draft a blueprint for overhauling the creaking pension system within a month, as he seeks to restore confidence in Latin America's largest economy.

Temer, who took power last week when the Senate voted to suspend leftist President Dilma Rousseff, has vowed to plug a fiscal gap equivalent to more than 10 percent of economic output last year. Doing so will require sweeping changes to the burdensome pension system, such as raising the minimum age of retirement.

Monday's talks, which were boycotted by the largest labor confederation, agreed to create a working group on pension reform that will include two union members and will have 30 days to present its findings. Unions recommended that the government legalize gambling to increase fiscal revenues.

The unions are adamantly opposed to wholesale pension reform and Temer runs the risk that they will throw their weight against his new administration, which took office after the upper chamber of Congress voted to put Rousseff on trial on Thursday on charges of breaking budgetary rules.

More:
http://www.reuters.com/article/us-brazil-politics-idUSKCN0Y72CG

We know from our own country's experience already, the masses do NOT want the minimum retirement age raised by the puffy, bloated, pasty-faced cretins who've never had to work a day in their lives in order to demand hard work well into old age for people who've struggled hard every day of their lives, due to inescapable poverty. Hideous. They should be ashamed to show their faces in public.