Brazil retirement age may rise to 65
Brazil’s President Michel Temer on Tuesday submitted a bill to Congress that would raise the retirement age to 65. The draft bill, part of a pension reform plan, would apply to all men under 50 and women under 45, following 25 years of contributing to social security. “Men over 50 and women over 45 will be included in a transitional system, under which they will be subjected to a 50 percent increase on their remaining contribution time,” according to the government news website. Government figures show the average age of retirement in Brazil is 58, among the lowest in the world. Those who have already retired and are receiving a pension will not be affected if the bill passes.