Brazil reforms pensions 'to boost economy'

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

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    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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