IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this paper

The Brazilian Pension System: Recent Reforms and Challenges Ahead

Listed author(s):
  • Marcos Bonturi
Registered author(s):

    Brazil’s public pension expenditure is about 9 per cent of GDP, above the OECD average. Given that OECD countries are generally not only wealthier, but also significantly older, Brazil’s pension expenditures are clearly excessive, draining resources away from other areas, such as much needed social investment in health and education. Beyond its fiscal impact, the Brazilian pension system is also unjust. About half of total pension expenditure is paid to former civil servants, which account for only 5 per cent of total retirees. Given the demographic challenges Brazil is likely to face in the next decades, authorities have started to implement a series of reforms. The general regime available to private sector workers underwent major changes in 1999, which will help ensure its long-term actuarial and financial balance. However, problems remain concerning the growth of the informal economy, the weight of non-pension benefits financially imputed to the regime and the mechanisms for ... Le système de pensions brésilien : Réformes récentes et défis à venir Les dépenses publiques au titre des pensions au Brésil représentent environ 9 pour cent du PIB, pourcentage qui dépasse la moyenne de l’OCDE. Si l’on tient compte de la jeunesse de la population brésilienne et de son moindre niveau de revenu par rapport à la moyenne des pays de l'OCDE, ces dépenses sont clairement excessives et c’est autant de ressources qui ne vont pas à d’autres affectations, comme l’investissement dans la santé et l’éducation, pourtant fort nécessaire. Au-delà de son impact fiscal, le système de pensions brésilien est aussi injuste. Environ la moitié des dépenses publiques au titre des pensions est versée aux anciens fonctionnaires, qui ne constituent pourtant qu’environ 5 pour cent de l’ensemble des retraités. Tenant compte des pressions démographiques que le Brésil aura vraisemblablement à effronter dans les décennies à venir, les autorités ont commencé à introduire une série des réformes. Le régime général, applicable aux travailleurs du secteur privé, a subi ...

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: no

    Paper provided by OECD Publishing in its series OECD Economics Department Working Papers with number 340.

    in new window

    Date of creation: 23 Aug 2002
    Handle: RePEc:oec:ecoaaa:340-en
    Contact details of provider: Postal:
    2 rue Andre Pascal, 75775 Paris Cedex 16

    Phone: 33-(0)-1-45 24 82 00
    Fax: 33-(0)-1-45 24 85 00
    Web page:

    More information through EDIRC

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:oec:ecoaaa:340-en. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.