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Maia: "Pension reform may be last opportunity for Brazil"

Reform of Social Security

President of the Chamber of Deputies warns that, without change, the country may face similar problems to Greece and Portugal

The president of the Chamber of Deputies, Rodrigo Maia (DEM-RJ), said that the pension reform may be the last big chance for Brazil to reorganize the system without more serious consequences. "Those who missed this opportunity had to cut the salaries of their servants. Cut pensions, which is what happened in Portugal and Greece, "argued the parliamentarian.

On Tuesday morning, he participated in a meeting with leaders of the allied base of the government and with minister Antônio Imbassahy, who heads the secretary of government. The objective was to ask questions, to evaluate the schedule of the reform process in the House to "forward the project as it came from the government."

"The text that came from the government is what needs to be approved and that will guarantee the payments of retirees in the future and will lead Brazil to very strong economic growth," argued Maia. After the meeting, he explained to the press that the group was not meeting to reduce any article that came in the original project, in addition to explaining that each point has its importance.

Social Security Deficit

Maia said that this proposal is capable of stabilizing the welfare deficit and said that the approval of the reform will benefit the lives of Brazilians, as well as create conditions for job creation and interest reduction. "If we start to squander welfare reform, the effects will shortly be innocuous," he argued.

The mayor also clarified that the objective is not only to change the social security system, but to guarantee the right of the workers. "If you do not change the system, the one who has his retirement to receive can arrive at the bank and not find money in his account, as it happens in Rio de Janeiro," he warned.

According to him, with the approval of the proposal, the public accounts will become more organized. An immediate effect may be the reduction of interest. In practice, with lower rates, debt falls, investments come out of the drawer and the country returns to generating employment and growing.

Source: Portal Brasil, with information from the Chamber of Deputies