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Final vote on Brazil pension reform now expected after June

15:51 EDT 3 May 2017 | Yahoo News

Final vote on Brazil pension reform now expected after JuneBy Maria Carolina Marcello BRASILIA (Reuters) - President Michel Temer's proposal to reform Brazil's costly social security system easily cleared a congressional committee vote on Wednesday, setting up for what are expected to be two tough floor votes in the lower house this month. The committee voted 23-14 to approve the unpopular constitutional amendment, which would make Brazilians work longer and reduce some pension benefits to plug a widening budget deficit at the root of the country's worst recession ever. The government, however, is not sure it has secured the two-thirds vote needed in the full chamber to approve a bill that is seen as crucial to Temer's efforts to recover investor confidence and restore investment and growth.


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