The thirty days under interim president Michel Temer are worth 30 years of regression.
Through Bill 268, the interim government eliminates elections for pension fund boards and reduces the presence of worker representatives in decision-making bodies. Their place will be taken by "independent advisors and directors" hired from the financial market by "specialized companies," where workers have no seat at any level.
Originating from Bills 368 and 78/2016, authored by the PSDB and PMDB parties respectively, Complementary Bill (PLP) 268/2016, signed by members of the PMDB party, is just another action by Temer's interim government against democracy and the rights of those who produce the wealth of this country.
This time, the target is the gains achieved by workers over more than 30 years in pension funds, which, with equal representation of fund sponsors and employee representatives, manage approximately R$ 700 billion. This amount is equivalent to about 25% of the Union's projected revenue for the 2016 fiscal year.
Through Bill 268, the interim government eliminates elections for pension fund boards and reduces the presence of worker representatives in decision-making bodies. Their place will be taken by "independent advisors and directors" hired from the financial market by "specialized companies," where workers have no seat at any level.
The project also establishes the prerogative of the sponsor's representative, in the position of President, to have a tie-breaking vote on the Deliberative Council. The participant's representative will have a tie-breaking vote on the Fiscal Council. This imbalance favors sponsoring companies, whether private or public, and weakens the workers' decision-making power over the right to manage money that costs them blood, sweat, and tears.
The interim president Temer is doing exactly the same thing that FHC did when he, at the behest of Daniel Dantas, forced the largest pension fund in Latin America, the Caixa de Previdência dos Funcionários do Banco do Brasil (PREVI), to dispose of its then assets of R$ 38 billion to participate in a consortium of several companies, including Telemar, one of which the Opportunity bank is a partner.
It doesn't matter under what guise the coup government's attack comes. The accelerated and overwhelming movement aims to annihilate even a minimal expanded state, the country's sovereignty, and labor and social rights won through much struggle over decades. In just over 30 days of government, numerous measures detrimental to the nation have been taken, such as the extinction of the Comptroller General of the Union (CGU), among other equally nefarious actions.
* This is an opinion article, the responsibility of the author, and does not reflect the opinion of Brasil 247.
