Brazil : Critical Issues in Social Security
Social security is the single most important fiscal issue facing the Brazilian government today. This report summarizes the state, and potential policy implications, of the Brazilian Social security system. It also discusses policy recommendations...
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| Language: | English en_US |
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Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2001/05/1490135/brazil-critical-issues-social-security http://hdl.handle.net/10986/13957 |
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okr-10986-139572021-04-23T14:03:10Z Brazil : Critical Issues in Social Security World Bank BENEFIT FORMULA CAPITAL MARKETS CONSENSUS CONSTITUTION CONTRIBUTION RATE CONTRIBUTION RATES ECONOMIC STABILITY EQUITY FEDERAL GOVERNMENT FISCAL FISCAL FISCAL ADJUSTMENT FISCAL BALANCE FISCAL BURDEN FISCAL DEFICITS FISCAL YEAR FUNDED COMPONENT FUNDED PENSIONS FUNDED SCHEMES GOVERNMENT EXPENDITURES GOVERNMENT OFFICIALS HUMAN RESOURCES INCOME INEQUALITY INFORMAL EMPLOYMENT INTERNATIONAL MONETARY FUND INVESTMENT RETURNS JUDICIARY LABOR COSTS LABOR MARKET LAWS LEGISLATURE LIVING STANDARDS METROPOLITAN AREAS MUNICIPAL GOVERNMENTS MUNICIPALITIES MUTUAL FUNDS NATIONAL DEVELOPMENT NEW ENTRANTS PAYROLL TAX PAYROLL TAXES PENSION DEBT PENSION FUND PENSION FUNDS PENSION LIABILITIES PENSION PLAN PENSION PLANS PENSION REFORM PENSION SCHEMES PENSION SYSTEM PENSION SYSTEMS PENSIONERS PENSIONS POLICY IMPLICATIONS POLITICAL ECONOMY PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC FINANCING PUBLIC RESOURCES PUBLIC SPENDING REGULATORY AGENCY REPLACEMENT RATE REPLACEMENT RATES RETIREES RETIREMENT RETIREMENT ACCOUNTS RETIREMENT AGE RETIREMENT AGES RETIREMENT BENEFITS RETIREMENT PLANS SAVINGS SOCIAL ASSISTANCE SOCIAL ASSISTANCE EXPENDITURES SOCIAL PROTECTION SOCIAL SECURITY SOCIAL SECURITY AGENCY SOCIAL SECURITY BENEFITS SOCIAL SECURITY REFORM SOCIAL SECURITY SPENDING SOCIAL SECURITY TAXES SOCIAL SERVICES STATE ADMINISTRATION SUBNATIONAL GOVERNMENTS TAX BURDEN TAX INCENTIVES TAX RATES TAX REVENUES TAX TREATMENT TAXATION TRANSPARENCY URBAN DEVELOPMENT WAGES YOUTH Social security is the single most important fiscal issue facing the Brazilian government today. This report summarizes the state, and potential policy implications, of the Brazilian Social security system. It also discusses policy recommendations for: social security and pensions, the national social security system, government pensions and funds, and the complementary pension systems. An overview of the social security challenge reviews the system components, revealing unsustainable fiscal imbalances and administrative weaknesses in both the unreformed General Regime for Social Security (RGPS), and the Pension Regime for Government Workers (RJU), with large tax-related distortions, and labor market inefficiency. Thus the goals of Brazil's reforms are to reduce fiscal deficits, lower actuarial imbalances, increase equity and redistribution, reduce collateral inefficiencies, and facilitate growth of funded pensions. The study implies there is no recourse for the country, but to lower the high, uniform replacement rates (experience suggests that rates higher than 40-70 percent, cannot be sustained). The key to effective reform of social security is widening the debate to include potential winners from these changes, particularly the private sector, the young, and the poor. Policy recommendations suggest that the adverse equity effects of RGPS reforms should be widely publicized to generate political support for deeper RJU reform. 2013-06-17T16:19:15Z 2013-06-17T16:19:15Z 2001-05 http://documents.worldbank.org/curated/en/2001/05/1490135/brazil-critical-issues-social-security 0-8213-4960-0 http://hdl.handle.net/10986/13957 English en_US A World Bank country study; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC Publications & Research :: Publication Publications & Research :: Publication Latin America & Caribbean Brazil |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
BENEFIT FORMULA CAPITAL MARKETS CONSENSUS CONSTITUTION CONTRIBUTION RATE CONTRIBUTION RATES ECONOMIC STABILITY EQUITY FEDERAL GOVERNMENT FISCAL FISCAL FISCAL ADJUSTMENT FISCAL BALANCE FISCAL BURDEN FISCAL DEFICITS FISCAL YEAR FUNDED COMPONENT FUNDED PENSIONS FUNDED SCHEMES GOVERNMENT EXPENDITURES GOVERNMENT OFFICIALS HUMAN RESOURCES INCOME INEQUALITY INFORMAL EMPLOYMENT INTERNATIONAL MONETARY FUND INVESTMENT RETURNS JUDICIARY LABOR COSTS LABOR MARKET LAWS LEGISLATURE LIVING STANDARDS METROPOLITAN AREAS MUNICIPAL GOVERNMENTS MUNICIPALITIES MUTUAL FUNDS NATIONAL DEVELOPMENT NEW ENTRANTS PAYROLL TAX PAYROLL TAXES PENSION DEBT PENSION FUND PENSION FUNDS PENSION LIABILITIES PENSION PLAN PENSION PLANS PENSION REFORM PENSION SCHEMES PENSION SYSTEM PENSION SYSTEMS PENSIONERS PENSIONS POLICY IMPLICATIONS POLITICAL ECONOMY PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC FINANCING PUBLIC RESOURCES PUBLIC SPENDING REGULATORY AGENCY REPLACEMENT RATE REPLACEMENT RATES RETIREES RETIREMENT RETIREMENT ACCOUNTS RETIREMENT AGE RETIREMENT AGES RETIREMENT BENEFITS RETIREMENT PLANS SAVINGS SOCIAL ASSISTANCE SOCIAL ASSISTANCE EXPENDITURES SOCIAL PROTECTION SOCIAL SECURITY SOCIAL SECURITY AGENCY SOCIAL SECURITY BENEFITS SOCIAL SECURITY REFORM SOCIAL SECURITY SPENDING SOCIAL SECURITY TAXES SOCIAL SERVICES STATE ADMINISTRATION SUBNATIONAL GOVERNMENTS TAX BURDEN TAX INCENTIVES TAX RATES TAX REVENUES TAX TREATMENT TAXATION TRANSPARENCY URBAN DEVELOPMENT WAGES YOUTH |
| spellingShingle |
BENEFIT FORMULA CAPITAL MARKETS CONSENSUS CONSTITUTION CONTRIBUTION RATE CONTRIBUTION RATES ECONOMIC STABILITY EQUITY FEDERAL GOVERNMENT FISCAL FISCAL FISCAL ADJUSTMENT FISCAL BALANCE FISCAL BURDEN FISCAL DEFICITS FISCAL YEAR FUNDED COMPONENT FUNDED PENSIONS FUNDED SCHEMES GOVERNMENT EXPENDITURES GOVERNMENT OFFICIALS HUMAN RESOURCES INCOME INEQUALITY INFORMAL EMPLOYMENT INTERNATIONAL MONETARY FUND INVESTMENT RETURNS JUDICIARY LABOR COSTS LABOR MARKET LAWS LEGISLATURE LIVING STANDARDS METROPOLITAN AREAS MUNICIPAL GOVERNMENTS MUNICIPALITIES MUTUAL FUNDS NATIONAL DEVELOPMENT NEW ENTRANTS PAYROLL TAX PAYROLL TAXES PENSION DEBT PENSION FUND PENSION FUNDS PENSION LIABILITIES PENSION PLAN PENSION PLANS PENSION REFORM PENSION SCHEMES PENSION SYSTEM PENSION SYSTEMS PENSIONERS PENSIONS POLICY IMPLICATIONS POLITICAL ECONOMY PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC FINANCING PUBLIC RESOURCES PUBLIC SPENDING REGULATORY AGENCY REPLACEMENT RATE REPLACEMENT RATES RETIREES RETIREMENT RETIREMENT ACCOUNTS RETIREMENT AGE RETIREMENT AGES RETIREMENT BENEFITS RETIREMENT PLANS SAVINGS SOCIAL ASSISTANCE SOCIAL ASSISTANCE EXPENDITURES SOCIAL PROTECTION SOCIAL SECURITY SOCIAL SECURITY AGENCY SOCIAL SECURITY BENEFITS SOCIAL SECURITY REFORM SOCIAL SECURITY SPENDING SOCIAL SECURITY TAXES SOCIAL SERVICES STATE ADMINISTRATION SUBNATIONAL GOVERNMENTS TAX BURDEN TAX INCENTIVES TAX RATES TAX REVENUES TAX TREATMENT TAXATION TRANSPARENCY URBAN DEVELOPMENT WAGES YOUTH World Bank Brazil : Critical Issues in Social Security |
| geographic_facet |
Latin America & Caribbean Brazil |
| relation |
A World Bank country study; |
| description |
Social security is the single most
important fiscal issue facing the Brazilian government
today. This report summarizes the state, and potential
policy implications, of the Brazilian Social security
system. It also discusses policy recommendations for: social
security and pensions, the national social security system,
government pensions and funds, and the complementary pension
systems. An overview of the social security challenge
reviews the system components, revealing unsustainable
fiscal imbalances and administrative weaknesses in both the
unreformed General Regime for Social Security (RGPS), and
the Pension Regime for Government Workers (RJU), with large
tax-related distortions, and labor market inefficiency. Thus
the goals of Brazil's reforms are to reduce fiscal
deficits, lower actuarial imbalances, increase equity and
redistribution, reduce collateral inefficiencies, and
facilitate growth of funded pensions. The study implies
there is no recourse for the country, but to lower the high,
uniform replacement rates (experience suggests that rates
higher than 40-70 percent, cannot be sustained). The key to
effective reform of social security is widening the debate
to include potential winners from these changes,
particularly the private sector, the young, and the poor.
Policy recommendations suggest that the adverse equity
effects of RGPS reforms should be widely publicized to
generate political support for deeper RJU reform. |
| format |
Publications & Research :: Publication |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Brazil : Critical Issues in Social Security |
| title_short |
Brazil : Critical Issues in Social Security |
| title_full |
Brazil : Critical Issues in Social Security |
| title_fullStr |
Brazil : Critical Issues in Social Security |
| title_full_unstemmed |
Brazil : Critical Issues in Social Security |
| title_sort |
brazil : critical issues in social security |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2001/05/1490135/brazil-critical-issues-social-security http://hdl.handle.net/10986/13957 |
| _version_ |
1764424884942798848 |