GDP, breaking the link between the minimum wage and pensions, and reforming the pension system, Brazil's version of welfare for the rich.

ECONOMIST: The Economist talks to Brazil's president

The other consequence is many of the people who lose their own setup are eventually absorbed in the big box system as low-skill employees getting paid the bare minimum wage.

FORBES: Wiping Out Millions of Jobs is the Whole Darn Point

Rural workers aged over 60, and anyone poor and over 65, can get a pension of 622 reais the minimum wage without ever having paid into the system.

ECONOMIST: Brazil��s pension system