Mr. Guedes calls the public pension system “a factory of inequality and privilege” for government workers, while more than 30 million Brazilian pensioners are outside it. There is no minimum retirement age for Brazil’s urban public employees. But on average women retire at an enviable 53 and men at 55, and civil servants can retire after 20 years on the job.
The reform attempts to make Brazilians more equal by raising the years-of-service requirement for civil servants and setting retirement age at 62 for women and 65 for men. The reform would also hit politicians who, according to Mr. Guedes “today retire with pensions that are 20 times [that of] the average citizen.” In the new system, he says, the politicians will be on equal footing with their constituents.