Bolsonaro submits pension reform bill to lower house
![Marcos Corrêa/PR Presidente da República, Jair Bolsonaro durante entrega da PEC da nova Previdência Social.](/sites/default/files/thumbnails/image/loading_v2.gif)
![Luis Macedo/Câmara dos Deputados Presidente da Câmara dos Deputados, dep. Rodrigo Maia, recebe o Presidente da República, Jair Bolsonaro](/sites/default/files/thumbnails/image/loading_v2.gif)
Joined by Economy Minister Paulo Guedes and Chief of Staff Onyx Lorenzoni Wednesday morning (Feb. 20), President Jair Bolsonaro handed over to the lower house the bill for the reform in Brazil’s pension system.
Bolsonaro and the accompanying officials were welcomed by lower house speaker Rodrigo Maia and Senate head Davi Alcolumbre.
Proceedings
First, the proposal is submitted to the Constitution and Justice Commission (CJJ) in the lower house, then to a special commission, also in the Chamber of Deputies, and subsequently to a plenary session, where the piece of legislation must be backed by at least three fifths of lawmakers (308 votes) in two rounds of vote.
Next, the bill is sent to the Senate, where it is also scrutinized by commissions before being brought to vote on the floor.
The text put together by the government sets a minimum retirement age at 65 for men and 62 for women, in addition to a period of transition.
Politicians and other members of the opposition rallied outside the president’s office in the lower house and spoke out against the reform.
Money spared
The revamp is expected to enable the government to spare approximately $313 billion over the course of ten years.
In the first four years, the government will refrain from spending $50.8 billion, if the legislation is approved in its original version.
In the coming ten years after the changes, the federal government will spare $192 billion with private enterprise workers and $46.6 billion with federal civil servants, as per official estimates.
![Rafa Neddermeyer/Agência Brasil Brasília (DF), 26/10/2023, Prédio do Banco Central em Brasília. Foto: Rafa Neddermeyer/Agência Brasil](/sites/default/files/thumbnails/image/loading_v2.gif)