Analysis: Brazil struggles to bring pension under control

03/26/2012 | Economist (free content), The

Brazilian President Dilma Rousseff is fighting hard to get legislation through the Senate to cap benefits paid by the pension system. The country's economic future could be in danger if she doesn't win this fight, according to The Economist. "Payroll taxes for pensions are already greater in Brazil, at 32% of gross salary, than in all [Group of Seven] countries except Italy," the magazine notes.

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Economist (free content), The

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