Abstract:Brazil: Pension system in 2008 The Regime Geral de Previdência Social (RGPS), covers the private sector workforce. It is financed through payroll taxes, shared by the employer and the employee, revenues from sales taxes and federal transfers that cover shortfalls of the system. It is a mandatory, pay‐asyou‐ go financed single‐pillar scheme, which is operated by the National Social Security Institute.
Document Type: Review Article
Publication date: March 1, 2011