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Financial News: BRAZIL: PSDB Party To Decide On Key Support

BRAZIL: PSDB Party To Decide On Key Support To Pension Reform On Wednesday

12/05/2017 - 17:02:00 (RTTNews)

(RTTNews) - The PSDB, a political party that is set to leave the Brazilian government coalition, is set to decide Wednesday if it will support President Michel Temer and vote for the pension reform bill.

The president of the PSDB, Alberto Goldman, will meet Wednesday morning in Brasília with the party's national executive committee and lawmakers to discuss the support for the pension reform.

Goldman has said that the party must agree on a position regarding the reform. He supports the bill, which would increase the minimum retirement age in Brazil to 62 years for women, and 65 years for men.

"The pension reform is essential for the country to reduce existing inequalities and privileges in the social security system," he said at the end of November.

The governor of São Paulo state, Geraldo Alckmin, a PSDB pre-candidate for the 2018 presidential elections, also advocates in favor of the reform, despite trying to distance himself from Temer.

"I've always defended a reform in the pension system," he said recently, adding, however, that he was against PSDB's alliance with Temer.

On Monday, in an interview with the Folha de S.Paulo newspaper, the Brazilian Finance Minister Henrique Meirelles dismissed Alckmin as a potential candidate representing the current administration in the 2018 presidential election.

The statement was criticized mainly by Rodrigo Maia, the speaker of the House of the Representatives. He said that the comment was inappropriate since the government is trying to garner support for the pension reform.

According to Maia, "without the PSDB, we do not have any conditions to vote for the pension reform, so if you are working to exclude the PSDB, you are working against the pension reform."

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