Bloomberg News

Brazil Raises Pensions That Exceed Minimum Wage by 6.08%

January 09, 2012

Jan. 9 (Bloomberg) -- Brazil raised all pensions that exceed the monthly minimum wage of 622 reais ($337) by 6.08 percent, according to a report published today in the Official Gazette.

The 2012 increase, which is equal to 2011 inflation as measured by the INPC index, applies from Jan. 1, the report said.

Those receiving the minimum payment received an increase of 14.1 percent, the government said in December.

--Editors: Harry Maurer, Philip Sanders

To contact the reporter on this story: Matthew Bristow in Brasilia at mbristow5@bloomberg.net.

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net.


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