Brazil
News

Top court: Reform to hinder judicial system

Bnamericas Published: Wednesday, June 18, 2003
The Brazilian government's proposed public pensions reform may hinder the country's judicial system, local press quoted chief justice Mauricio Correa as saying. On Tuesday Correa, who heads Brazil's top court STF, gathered the court's members to define a common stance on the reform, the following day judges across the country protested against the reform and threatened possible strike action. Correa urged judges to fight to maintain their pension rights, arguing the career requires full dedication and deserves special pensions. Currently, judges like all civil servants, retire with pensions equal to their last salary, as long as they've been in the position for more than five years. Because they no longer have to contribute with 11% of their salaries to the public pension system when they retire, pensions are actually higher than salaries. The reform bill Brazil's new president Luis Inacio da Silva sent to congress in April determines retired civil servants must continue to contribute to the system and limits pensions to 2,400 reais (US$835) a month The former administration of president Fernando Henrique Cardoso failed to push similar reforms because the STF deemed Cardoso's bill unconstitutional after it had been passed in congress.

Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.

Subscribe to Latin America’s most trusted business intelligence platform.

Other projects

Get key information on thousands of projects in Latin America, from current stage, to capex, related companies, key contacts and more.

Other companies

Get key information on thousands of companies in Latin America, from projects, to contacts, shareholders, related news and more.

  • Company: QC Terminales Ecuador S.A.  (QC Terminales)
  • The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
  • Company: Valeo Service España, S.A.U.  (Valeo Service)
  • The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
  • Company: Constructora Meco S.A.  (Constructora Meco)
  • Costa Rican construction firm Constructora Meco S.A. offers a range of services, including the carrying out of earthworks and the construction of highways, commercial infrastruc...
  • Company: Anptec Engenharia e Projetos
  • The description contained in this profile is taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been machine tran...