IBOV 176,286 ▲ 0.31% IPSA 10,928 ▲ 0.16% IPC MEX 66,708 ▲ 1.11% MERVAL 3,246,109 ▲ 0.33% COLCAP 2,296.93 ▼ 0.47% BVL PERÚ 56,428.20 ▲ 2.25% USD/BRL5.08▼ 1.17% USD/MXN17.43▼ 0.56% USD/CLP922.90▼ 1.07% USD/COP3,251▼ 0.37% USD/PEN3.39▼ 0.60% USD/ARS1,476▼ 0.51% USD/UYU40.23▲ 0.99% USD/PYG6,039▲ 1.12% USD/BOB10.35▲ 6.04% USD/DOP58.31▲ 0.39% USD/CRC448.93▲ 1.31% USD/GTQ7.62▲ 2.07% USD/HNL26.73▲ 1.38% USD/NIO36.62▲ 0.63% USD/VES722.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.59▲ 0.64% USD/TTD6.75▲ 1.19% EUR/BRL5.80▼ 0.32% BRENT 85.13 ▲ 2.20% WTI 79.69 ▲ 1.98% IRON ORE 161.91 — — COPPER 6.38 ▲ 2.42% GOLD 4,079 ▲ 2.04% SILVER 59.23 ▲ 2.77% SOY 1,192 ▼ 0.81% CORN 460.50 ▲ 5.20% WHEAT 643.75 ▲ 2.67% COFFEE 339.45 ▼ 0.57% SUGAR 14.97 ▲ 1.49% ORANGE JUICE 139.35 ▼ 2.24% COTTON 81.68 ▲ 2.32% COCOA 5,716 ▲ 0.35% BEEF 231.78 ▼ 1.26% CATTLE 349.23 ▼ 1.45% LITHIUM 71.48 ▲ 1.76% PETR4 40.56 ▼ 0.25% VALE3 73.92 ▲ 1.47% ITUB4 43.47 ▼ 0.11% BBDC4 18.64 ▼ 0.69% ABEV3 15.89 ▲ 0.38% BBAS3 20.50 ▲ 1.28% B3SA3 15.32 ▲ 1.32% WEGE3 44.24 ▼ 0.34% PRIO3 57.04 ▼ 0.28% SUZB3 41.10 ▼ 0.94% RENT3 40.30 ▲ 0.25% AZZA3 18.93 ▼ 1.51% CSAN3 3.88 ▼ 0.51% RAIZ4 0.32 ▼ 3.03% PCAR3 2.47 ▼ 4.63% GMAT3 3.94 — 0.00% PSSA3 54.12 ▲ 0.15% CVCB3 1.28 ▲ 2.40% POSI3 3.95 ▼ 1.00% SLCE3 13.74 ▼ 0.94% NATU3 8.50 ▼ 1.16% BRKM5 6.66 ▼ 4.03% RANI3 8.03 ▲ 1.01% CSNA3 5.15 ▼ 1.72% CMIN3 5.26 ▼ 3.49% USIM5 8.25 ▼ 1.55% GGBR4 23.05 ▲ 1.01% ENEV3 26.99 ▲ 0.41% CPFE3 47.01 ▲ 0.36% CMIG4 11.11 ▲ 0.36% EQTL3 40.92 ▲ 1.77% LREN3 14.16 ▲ 0.07% VIVT3 35.21 ▲ 1.38% RAIL3 14.15 ▲ 0.28% KLABIN 17.40 ▼ 0.46% RAIA DROGASIL 18.50 ▲ 1.65% RDOR3 35.79 ▲ 0.65% HAPV3 10.63 ▲ 1.63% FLRY3 16.26 ▲ 0.68% SMTO3 16.31 ▼ 0.37% UGPA3 30.03 ▼ 2.91% VBBR3 33.05 ▲ 0.89% BBSE3 40.24 ▼ 0.10% BPAC11 58.17 ▲ 1.13% CURY3 32.90 ▼ 0.66% AERI3 2.08 — 0.00% VIVARA 23.34 ▲ 1.00% COMPASS 25.19 ▲ 1.70% VAMOS 3.04 ▲ 0.66% SANB11 27.34 ▼ 0.11% ASAI3 8.66 ▼ 0.57% SBSP3 30.35 ▼ 0.07% WALMEX 49.58 ▼ 0.14% GMEXICO 201.76 ▲ 3.15% FEMSA 232.72 ▲ 3.27% CEMEX 22.28 ▲ 2.30% GFNORTE 187.01 ▲ 2.71% BIMBO 56.30 ▲ 0.77% TELEVISA 9.48 ▼ 1.35% AMX 22.85 ▲ 1.15% GAP 387.33 ▼ 5.11% ASUR 276.98 ▼ 0.60% OMA 234.33 ▲ 0.43% KOF 181.71 ▲ 0.02% GRUMA 282.67 ▲ 0.46% KIMBER 38.38 ▲ 0.42% SQM-B 67,463 ▲ 0.37% COPEC 6,065 ▲ 0.13% BSANTANDER 78.81 ▲ 0.78% FALABELLA 5,931 ▲ 0.43% ENELAM 84.85 ▲ 0.77% CENCOSUD 2,060 ▲ 0.99% CMPC 1,081 ▲ 0.25% BANCO CHILE 188.93 ▲ 2.12% LATAM AIR 24.62 ▼ 1.12% YPF 77,200 ▲ 0.03% GGAL 8,100 ▲ 0.25% PAMPA 5,210 ▼ 0.29% TXAR 665.00 ▲ 0.08% ALUAR 960.00 ▼ 0.47% TGS 9,695 ▲ 1.31% CEPU 2,313 ▼ 0.26% MIRGOR 16,850 ▼ 0.88% COME 45.45 ▲ 1.50% LOMA NEGRA 3,545 ▲ 1.36% BYMA 307.25 ▼ 0.32% TELECOM ARG 4,275 ▲ 0.59% ECOPETROL 15.86 ▼ 0.13% BANCOLOMBIA 81.93 ▲ 1.88% GRUPO AVAL 4.91 — 0.00% CREDICORP 390.83 ▲ 0.41% SOUTHERN COPPER 180.29 ▲ 3.30% BUENAVENTURA 30.89 ▲ 3.59% MERCADOLIBRE 1,873 ▲ 0.32% NUBANK 13.92 ▲ 1.79% XP 16.60 ▲ 1.41% PAGSEGURO 9.19 ▼ 1.02% STONE 11.14 ▼ 0.09% GLOBANT 31.74 ▼ 1.18% TECNOGLASS 43.34 ▲ 1.17% GAP AIRPORT 222.23 ▼ 4.53% ASUR 276.98 ▼ 0.60% OMA AIRPORT 107.65 ▲ 1.43% AMX ADR 26.20 ▲ 0.63% FEMSA ADR 133.70 ▲ 3.64% CEMEX ADR 12.79 ▲ 2.73% PETROBRAS ADR 17.92 ▲ 0.20% VALE ADR 14.55 ▲ 2.61% ITAU ADR 8.56 ▲ 1.09% SANTANDER BR 5.41 ▲ 1.12% AMBEV ADR 3.11 ▲ 1.64% CSN 1.02 ▼ 0.97% GERDAU 4.56 ▲ 1.56% LATAM ADR 53.08 ▼ 0.47% BTC 64,689 ▲ 3.94% ETH 1,874 ▲ 5.65% SOL 77.31 ▲ 3.27% XRP 1.10 ▲ 3.59% BNB 582.27 ▲ 2.76% ADA 0.17 ▲ 5.20% DOGE 0.07 ▲ 4.15% AVAX 6.66 ▲ 3.35% LINK 8.29 ▲ 5.34% DOT 0.85 ▲ 1.97% LTC 44.74 ▲ 2.88% BCH 239.10 ▲ 1.21% TRX 0.33 ▲ 0.44% XLM 0.18 ▲ 2.18% HBAR 0.07 ▲ 0.55% NEAR 2.04 ▲ 6.53% ATOM 1.55 ▲ 1.24% AAVE 99.78 ▲ 5.74% SELIC 14.25% EMBRAER 82.96 ▼ 0.06% EMBRAER ADR 65.38 ▲ 1.40% JBS 11.78 ▼ 0.21% JBS BDR 59.67 ▼ 1.55% MBRF3 16.04 ▲ 2.04% MBRFY 3.10 ▲ 1.64% INTER 5.66 ▲ 0.09% IBOV 176,286 ▲ 0.31% IPSA 10,928 ▲ 0.16% IPC MEX 66,708 ▲ 1.11% MERVAL 3,246,109 ▲ 0.33% COLCAP 2,296.93 ▼ 0.47% BVL PERÚ 56,428.20 ▲ 2.25% USD/BRL 5.08 ▼ 1.17% USD/MXN 17.43 ▼ 0.56% USD/CLP 922.90 ▼ 1.07% USD/COP 3,251 ▼ 0.37% USD/PEN 3.39 ▼ 0.60% USD/ARS 1,476 ▼ 0.51% USD/UYU 40.23 ▲ 0.99% USD/PYG 6,039 ▲ 1.12% USD/BOB 10.35 ▲ 6.04% USD/DOP 58.31 ▲ 0.39% USD/CRC 448.93 ▲ 1.31% USD/GTQ 7.62 ▲ 2.07% USD/HNL 26.73 ▲ 1.38% USD/NIO 36.62 ▲ 0.63% USD/VES 722.19 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.59 ▲ 0.64% USD/TTD 6.75 ▲ 1.19% EUR/BRL 5.80 ▼ 0.32% BRENT 85.13 ▲ 2.20% WTI 79.69 ▲ 1.98% IRON ORE 161.91 — — COPPER 6.38 ▲ 2.42% GOLD 4,079 ▲ 2.04% SILVER 59.23 ▲ 2.77% SOY 1,192 ▼ 0.81% CORN 460.50 ▲ 5.20% WHEAT 643.75 ▲ 2.67% COFFEE 339.45 ▼ 0.57% SUGAR 14.97 ▲ 1.49% ORANGE JUICE 139.35 ▼ 2.24% COTTON 81.68 ▲ 2.32% COCOA 5,716 ▲ 0.35% BEEF 231.78 ▼ 1.26% CATTLE 349.23 ▼ 1.45% LITHIUM 71.48 ▲ 1.76% PETR4 40.56 ▼ 0.25% VALE3 73.92 ▲ 1.47% ITUB4 43.47 ▼ 0.11% BBDC4 18.64 ▼ 0.69% ABEV3 15.89 ▲ 0.38% BBAS3 20.50 ▲ 1.28% B3SA3 15.32 ▲ 1.32% WEGE3 44.24 ▼ 0.34% PRIO3 57.04 ▼ 0.28% SUZB3 41.10 ▼ 0.94% RENT3 40.30 ▲ 0.25% AZZA3 18.93 ▼ 1.51% CSAN3 3.88 ▼ 0.51% RAIZ4 0.32 ▼ 3.03% PCAR3 2.47 ▼ 4.63% GMAT3 3.94 — 0.00% PSSA3 54.12 ▲ 0.15% CVCB3 1.28 ▲ 2.40% POSI3 3.95 ▼ 1.00% SLCE3 13.74 ▼ 0.94% NATU3 8.50 ▼ 1.16% BRKM5 6.66 ▼ 4.03% RANI3 8.03 ▲ 1.01% CSNA3 5.15 ▼ 1.72% CMIN3 5.26 ▼ 3.49% USIM5 8.25 ▼ 1.55% GGBR4 23.05 ▲ 1.01% ENEV3 26.99 ▲ 0.41% CPFE3 47.01 ▲ 0.36% CMIG4 11.11 ▲ 0.36% EQTL3 40.92 ▲ 1.77% LREN3 14.16 ▲ 0.07% VIVT3 35.21 ▲ 1.38% RAIL3 14.15 ▲ 0.28% KLABIN 17.40 ▼ 0.46% RAIA DROGASIL 18.50 ▲ 1.65% RDOR3 35.79 ▲ 0.65% HAPV3 10.63 ▲ 1.63% FLRY3 16.26 ▲ 0.68% SMTO3 16.31 ▼ 0.37% UGPA3 30.03 ▼ 2.91% VBBR3 33.05 ▲ 0.89% BBSE3 40.24 ▼ 0.10% BPAC11 58.17 ▲ 1.13% CURY3 32.90 ▼ 0.66% AERI3 2.08 — 0.00% VIVARA 23.34 ▲ 1.00% COMPASS 25.19 ▲ 1.70% VAMOS 3.04 ▲ 0.66% SANB11 27.34 ▼ 0.11% ASAI3 8.66 ▼ 0.57% SBSP3 30.35 ▼ 0.07% WALMEX 49.58 ▼ 0.14% GMEXICO 201.76 ▲ 3.15% FEMSA 232.72 ▲ 3.27% CEMEX 22.28 ▲ 2.30% GFNORTE 187.01 ▲ 2.71% BIMBO 56.30 ▲ 0.77% TELEVISA 9.48 ▼ 1.35% AMX 22.85 ▲ 1.15% GAP 387.33 ▼ 5.11% ASUR 276.98 ▼ 0.60% OMA 234.33 ▲ 0.43% KOF 181.71 ▲ 0.02% GRUMA 282.67 ▲ 0.46% KIMBER 38.38 ▲ 0.42% SQM-B 67,463 ▲ 0.37% COPEC 6,065 ▲ 0.13% BSANTANDER 78.81 ▲ 0.78% FALABELLA 5,931 ▲ 0.43% ENELAM 84.85 ▲ 0.77% CENCOSUD 2,060 ▲ 0.99% CMPC 1,081 ▲ 0.25% BANCO CHILE 188.93 ▲ 2.12% LATAM AIR 24.62 ▼ 1.12% YPF 77,200 ▲ 0.03% GGAL 8,100 ▲ 0.25% PAMPA 5,210 ▼ 0.29% TXAR 665.00 ▲ 0.08% ALUAR 960.00 ▼ 0.47% TGS 9,695 ▲ 1.31% CEPU 2,313 ▼ 0.26% MIRGOR 16,850 ▼ 0.88% COME 45.45 ▲ 1.50% LOMA NEGRA 3,545 ▲ 1.36% BYMA 307.25 ▼ 0.32% TELECOM ARG 4,275 ▲ 0.59% ECOPETROL 15.86 ▼ 0.13% BANCOLOMBIA 81.93 ▲ 1.88% GRUPO AVAL 4.91 — 0.00% CREDICORP 390.83 ▲ 0.41% SOUTHERN COPPER 180.29 ▲ 3.30% BUENAVENTURA 30.89 ▲ 3.59% MERCADOLIBRE 1,873 ▲ 0.32% NUBANK 13.92 ▲ 1.79% XP 16.60 ▲ 1.41% PAGSEGURO 9.19 ▼ 1.02% STONE 11.14 ▼ 0.09% GLOBANT 31.74 ▼ 1.18% TECNOGLASS 43.34 ▲ 1.17% GAP AIRPORT 222.23 ▼ 4.53% ASUR 276.98 ▼ 0.60% OMA AIRPORT 107.65 ▲ 1.43% AMX ADR 26.20 ▲ 0.63% FEMSA ADR 133.70 ▲ 3.64% CEMEX ADR 12.79 ▲ 2.73% PETROBRAS ADR 17.92 ▲ 0.20% VALE ADR 14.55 ▲ 2.61% ITAU ADR 8.56 ▲ 1.09% SANTANDER BR 5.41 ▲ 1.12% AMBEV ADR 3.11 ▲ 1.64% CSN 1.02 ▼ 0.97% GERDAU 4.56 ▲ 1.56% LATAM ADR 53.08 ▼ 0.47% BTC 64,689 ▲ 3.94% ETH 1,874 ▲ 5.65% SOL 77.31 ▲ 3.27% XRP 1.10 ▲ 3.59% BNB 582.27 ▲ 2.76% ADA 0.17 ▲ 5.20% DOGE 0.07 ▲ 4.15% AVAX 6.66 ▲ 3.35% LINK 8.29 ▲ 5.34% DOT 0.85 ▲ 1.97% LTC 44.74 ▲ 2.88% BCH 239.10 ▲ 1.21% TRX 0.33 ▲ 0.44% XLM 0.18 ▲ 2.18% HBAR 0.07 ▲ 0.55% NEAR 2.04 ▲ 6.53% ATOM 1.55 ▲ 1.24% AAVE 99.78 ▲ 5.74% SELIC 14.25% EMBRAER 82.96 ▼ 0.06% EMBRAER ADR 65.38 ▲ 1.40% JBS 11.78 ▼ 0.21% JBS BDR 59.67 ▼ 1.55% MBRF3 16.04 ▲ 2.04% MBRFY 3.10 ▲ 1.64% INTER 5.66 ▲ 0.09%
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Politics - Brazil Rio de Janeiro

Green Light for the Government’s Pension Reform Proposal

By · April 24, 2019 · 2 min read

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By Richard Mann, Contributing Reporter

RIO DE JANEIRO, BRAZIL – After 62 days deliberating on pension reform, the Constitution and Justice Commission (CCJ) gave the green light to the government’s proposal, which will now be subject to merit analysis by the special commission.

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Despite negotiations, the approved proposal still preserves the saving of R$1.1 trillion estimated by the Minister of Economy, Paulo Guedes
Despite negotiations, the approved proposal still preserves the saving of R$1.1 trillion.
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The admissibility was approved by 48 votes to 18. The approval was celebrated by governors and booed by the opposition.

The CCJ procedure examining the constitutionality of the text took longer than the government expected, forcing the economic team to give in points at the start.

Despite negotiations, the approved proposal still preserves the saving of R$1.1 trillion estimated by the Minister of Economy, Paulo Guedes, with the approval of the text that was sent to Congress on February 20th.

The voting battle lasted more than eight hours with a series of requests from opposition MPs to postpone the discussion.

The minority leader, Jandira Feghali (PCdoB-RJ), submitted a request to the presiding officer, Rodrigo Maia (DEM-RJ), to suspend the procedure for 20 days alleging the need for the government to send impact figures connected to the proposal.

Pursuant to the result, the opposition said they will seek to annul the vote, classified as “fraudulent” by the PSOL leader in the Chamber, Ivan Valente (São Paulo State).

Although defeated, the minority leader in the House, Jandira Feghali (PCdoB-RJ), said that this was only the first battle. “It’s better to laugh last”, Jandira said.

“The people are going to the streets, this proposal is being voted against the constitution,” said the leader.

The strategy of the oppositionists paralleled the one used in other sessions, marked by turmoil and shouting.

This time, however, the CCJ president, Felipe Francischini (PSL-PR), adopted a much harder stance in conducting the work and prevented suspension of the vote.

Despite appeals from the opposition, Francischini continued the vote without taking the request into account.

Deputy leader of the House of Representatives Darcísio Perondi (MDB-RS) said that the impact of R$1.1 trillion would affect the poorest the most – contrary to the government’s discourse that the greatest contributions will come from the wealthiest and most privileged.

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