Special Pensions Consume Brazil’s Fiscal Future

2026-03-23 - 12:40

Key Points —Special retirement categories account for nearly 40% of all scheduled pensions in Brazil, far above the 11% ceiling seen even in Greece, the highest among OECD nations. —Rural pensions alone represent over half of all age-based retirements, with record-high annual grants of 1.19 million in 2024 amid fraud concerns. —The OECD trend is