To what extent is the pension system of the largest economy in Latin America - Brazil sustainable?

Abstract

This article investigated the sustainability conditions of the pension system in Brazil through a descriptive analysis of recent data released by the country’s official agencies. This is an extremely important issue in the world, since life expectancy is increasing in society and it is essential to ensure an adequate level of income to workers when they reach old age or any circumstance that prevents them from working, in order to meet basic social needs. Thus, it was found that in Brazil there is a trend towards an aging population, with a significant increase in the number of Social Security benefits, while tax collection continues to grow at a very low rate in the country. This scenario takes into account the social security of private sector workers (RGPS), public sector workers (RPPS) and the military. Therefore, it is concluded that it is necessary to think of strategies to increase the collection of the social security system, which may be influenced by improved economic growth, reduced informality and increased employment.