July 18, 2019 / 4:39 PM / 5 months ago

Brazil government sees pension reform savings of $244 billion in a decade

FILE PHOTO: Brazil's Secretary of Social Security Rogerio Marinho is seen before ceremony to presentation of the 2nd phase of the advertising campaign of the pension reform bill at the Planalto Palace in Brasilia, Brazil May 20, 2019. REUTERS/Adriano Machado

BRASÍLIA (Reuters) - Brazilian pension secretary Rogério Marinho said on Thursday that savings from the pension reform bill approved in a first-round vote by the lower house of Congress will be 914.3 billion reais ($244.2 billion) in 10 years.

He added that another bill to combat fraud in the pension system could save an extra 200 billion reais in 10 years.

Reporting by Marcela Ayres; Writing by Gabriela Mello

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