4.7% less will be collected from retirement if the passivities reform is approved

Until now, people retire at 60 years of age, taking the last 20 years of contributions as a reference.

With the reform, people will retire at age 65 and taking the last 25 years of contributions for the calculation, therefore retirement will have a decrease of “4.7%”, was the response received by Ferrari.

In addition to that 4.7% less, workers will have to work five more years in their lives.