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Pension Reform Will Make Young People Take Jobs With Less Benefits
Bill encourages hiring retirees and extends the retirement age, making older people stay in the workforce
Feb.25.2019 10:14AM
Anaïs Fernandes
Flavia Lima
SÃO PAULO
Bolsonaro's proposed Social Security reform bill will keep middle-aged professionals who could otherwise retire in the workforce. It is also bringing a new idea: incentives for companies to hire retirees.
However, specialists say that the proposal will have an unexpected side effect: it will force young people - especially the ones without skills - to take jobs without law-mandated benefits.
The average unemployment rate in Brazil ended 2018 at 11.6%, but among 18 to 24 year-olds, it went over 25%.
. . .
Clemente Ganz Lúcio, technical director of Dieese (Intersindical Department Socioeconomic Studies), reinforces that keeping older people in the workforce is no simple task. "There is a real risk of people reaching 60 years of age with no savings or safety net."
More:
https://www1.folha.uol.com.br/internacional/en/business/2019/02/pension-reform-will-make-young-people-take-jobs-with-less-benefits.shtml?utm_source=newsletter&utm_medium=email&utm_campaign=newsen