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Old 09-12-2016, 04:22 PM
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Mary Pat Campbell
Join Date: Nov 2003
Location: NY
Studying for duolingo and coursera
Favorite beer: Murphy's Irish Stout
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Brazil’s Temer Says Pension Reform Will Not Be Approved Quickly: Paper

BRASILIA (Reuters) – The pension reform to be proposed by the Brazilian government will not be approved quickly, President Michel Temer told newspaper O Globo in an interview published on Sunday.

Temer said he plans to meet with union leaders before sending a pension reform bill to Congress. The government plans to introduce a minimum age for retirement, among other changes aimed at reducing a fast-growing budget deficit.

“I don’t believe it will be approved soon. We’ll send it, there will be street demonstrations and it will take time. I doubt this will be debated if there’s a runoff voting (in late October) in the mayoral elections,” Temer was quoted as saying.

The pension reform is part of a broader agenda proposed by Temer to overhaul state finances and rekindle investments after two years of severe recession. Temer has also proposed more flexible labor legislation and a mandatory cap for state spending valid for 20 years.

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