Rousseff signs new retirement rules into law
The 85/95 rule establishes a minimum eligibility score (given by the sum of retirement age and contribution years) of respectively 85 and 95 required for women and men to retire on their full pension benefits 
President Dilma Rousseff has sanctioned into law an alternative rule governing retirement conditions. Effective as of Wednesday (Nov. 4), the new law entitles workers to retire on their full benefits, i.e. exempt from the so-called “social security factor”, if they meet the new 85/95 criteria. (The social security factor is a coefficient used for calculating the pension benefit amount based on such criteria as the retiree's length of social security contribution, retirement age, and life expectancy.)
The 85/95 rule establishes a minimum eligibility score (given by the sum of retirement age and contribution years) of respectively 85 and 95 required for women and men to retire on their full pension benefits as an alternative to using the social security factor, provided that they have paid social security contributions for at least 30 years (for women) or 35 years (for men).
Also under the new law, the 85/95 scores will be increased by one point every two years from 2018 until they reach 90/100 (for women and men respectively) in 2026.
The president has vetoed certain line-items, such as provisions for “unretirement” (retirees that continue to work and pay social security contributions applying for a recalculation of their pension benefit). In explaining her veto, Rousseff argued that the “unretirement” provisions would be against the core principles of Brazil's pension system, potentially leading to an overlap with other social security benefits.
Translated by Mayra Borges
Fonte: Rousseff signs new retirement rules into law
