The redistributive impacts of the Brazilian 2019 pension reform on individual pension indicators for Brazilian civil servants

Bibliographic Data

ID6430255
AuthorsAna Cristina De Souza Queiroz (0009-0001-2513-0704, University of São Paulo São Paulo Brazil), Luís Eduardo Afonso (0000-0003-4639-8299, University of São Paulo São Paulo Brazil)
Year2025
Volume34
Issue3
Publication date2025-05-20
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueInternational Journal of Social Welfare (JOURNAL)
Journal identifiersISSN: 1369-6866 • E-ISSN: 1468-2397
PublisherWiley (PUBLISHER • GB)
DOI10.1111/ijsw.70018
OpenAlexW4410570369
LanguageEN
References cited59

This article examines the redistributive effects of the 2019 reform on the benefits of Brazil's federal public service pension scheme for old‐age and survivors' benefits. We developed an actuarial model to compare the Current Situation (which applies to those who entered public service from 2020 onward) with the three cohorts under the Old Situation (those who joined before 2004, those who joined between 2004 and 2012, and those who joined between 2013 and 2019). We calculated four pension indicators, breaking down the results by gender, as well as teaching and non‐teaching staff. The reforms led to reductions in both replacement rates and required rates. Additionally, the internal rates of return decreased, while effective rates increased. Women and teachers were the most negatively affected by these changes. The composition of required rates between old‐age and survivors' pensions has also shifted. Overall, the reforms diminished the redistributive characteristics and the adequacy while increasing their equity and progressivity

Civil servants · Economics · Pension · Pension system · Political science · Politics · Financial Literacy, Pension, Retirement Analysis · Fiscal Policy and Economic Growth · Law · Retirement, Disability, and Employment · Finance

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