Intern Government Looks to Change Retirement Age

Argued as a way to control growing social security costs, the intern government in Brazil has proposed the retirement age at 65 years. The government also plans to shorten the difference between men and women.

Currently, women can retire after contributing for 30 years, while men need to contribute for 35 years. In addition to the number of years of contribution, women can request social security payment at 60 years of age, while men must wait until they are 65 years old. The intern government proposes increasing the age for women to 62 years.

For more read this Reuters article via Yahoo Intern Government Hopes Retirement Changes Will Save Money