Brazilian President Michel Temer will unveil a long-awaited retirement reform proposal before the end of September, a spokesman said. The proposal will come ahead of municipal elections scheduled for October and could influence campaigning. The reform is seen by economists as necessary but unpopular. The government is likely to stipulate a minimum retirement age, set higher bars for disability benefits and end automatic annual increases tied to inflation or the minimum salary. The reform is seen as necessary because the system already suffers from chronic deficits.
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