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Brazilian retirement fund for government employees is set to subsidize women’s earlier retirement. Otherwise women would get 35% less benefits due to less contribution and less compounding time. That still does not take into consideration count the fact that women live longer and die older.

curious67

December 5, 2011

23 upvotes

http://human-stupidity.com/stupid-dogma/economics/brazilian-retirement-fund-for-government-employees-to-subsidize-womens-earlier-retirement

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Title	Brazilian retirement fund for government employees is set to subsidize women’s earlier retirement. Otherwise women would get 35% less benefits due to less contribution and less compounding time. That still does not take into consideration count the fact that women live longer and die older.
Author	curious67
Upvotes	23
Comments	4
Date	December 5, 2011 5:20 AM UTC (14 years ago)
Subreddit	Posted in /r/MensRights
Original Link	https://old.reddit.com/r/MensRights/comments/n0qjw/brazilian_retirement_fund_for_government/
Archive Link	https://theredarchive.com/r/MensRights/brazilian-retirement-fund-for-government-employees.1030953 https://theredarchive.com/post/1030953

Comments

[–]BinaryShadow 7 points8 points9 points 14 years ago (1 child) | Copy Link

[–]curious67[S] 2 points3 points4 points 14 years ago* (0 children) | Copy Link

See the graphics in the article. If you click on the graphics you see detailed statistics about all countries' retirement ages. Lots of countries let women retire earlier then men.

No reason can be found for this. Now consider that women, in general, take a few years off work and live a few years longer. There is ample reason to argue that women should retire a few years later. Nobody dares to argue that women should contribute the same number of years and receive the same number of years of retirement benefits.

Real equality, that remotely looks like female disadvantage is a no-no.

Actually, it is more shocking:

To reform the Brazilian retirement system, various plans are under discussion. All of them allow women to retire 5 years younger and/or with 5 years less of paid contributions to retirement funds.

Without subsidy, women would get 42% of male pension!

5 years less compounding in pension fund means women should get 65% of men's pension. Women live 20 years in retirement, men only 13, lowering women's unsubsidized pension to 39% of male pension. (0.65 times 13/20). Even if women were retiring at the same age, they would get 65% of male pension, if paid according to insurance mathematics proportional to their input to the system and the expected payout. That is for women with equal salary as the men. If women earn less, and thus pay in less, would further lower the expected payout, if normal insurance rules applied. The numbers might change a bit with more sophisticated math, but the differences are shocking, nevertheless. Use your country's life expectancy tables for 60 year old males and females, and years worked at age 60 or 65 by gender. In countries where men retire at the same age as women, the differences get much smaller.

[–]curious67[S] 2 points3 points4 points 14 years ago (1 child) | Copy Link

[–]BinaryShadow 4 points5 points6 points 14 years ago (0 children) | Copy Link