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Brazilian
State Employees' Retirements Surge, Folha Reports
August 20, 2003 Aug. 20 (Bloomberg) --
Brazilian government employees are retiring at a faster pace this year
than last in response to planned changes in the pension law, Folha de S.
Paulo reported, citing Ministry of Planning figures. In the first seven months of
this year, 11,180 state workers retired, up from 7,465 for all of last
year, Folha's online edition said. Retirements in 2003 are on track to
match those of 1998, when the government passed another law on pensions
and 19,500 state employees stopped work, the Sao Paulo newspaper said. The peak of retirements this
year was in April, with 3,537, Folha said, adding that was the month the
government sent Congress its proposal to amend the constitution to limit
civil servants' pensions. Congress is scheduled to vote on the bill next week, after approving it in a first-round vote this month. The bill would require public employees to work for more years to qualify for full pensions and would make them contribute more toward their own pensions. Copyright
© 2002 Global Action on Aging
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