Brazil reforms pensions 'to boost economy'

The move raises the minimum retirement age by nine years and increases workers' contributions.

by

    Brazil's politicians have voted to raise the retirement age by nine years in a bid to boost a sluggish economy.

    Politicians from across the divide agreed to finally overhaul the pension system after years of trying to do so.

    The decision is expected to save the state almost $200bn over 10 years.

     

    Al Jazeera's Alessandro Rampietti reports.


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