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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: posjim who wrote (12103)	1/20/1999 8:11:00 PM
From: Tony van Werkhooven	Respond to of 22640

Here is the Dow Jones version (celebrating yet?): January 20, 1999 -------------------------------------------------------------------------------- Brazil's Lower House of Congress Approves Pension Reform Bill Dow Jones Newswires BRASILIA -- The Brazilian government scored a crucial victory on the path to fiscal responsibility late Wednesday when the lower house of Congress approved a pension reform bill that seeks to save some 4 billion reals ($2.53 billion) per year. The measure, which calls for increased social-security taxes for civil servants and requires some retired public workers to contribute to the federal pension system, still needs to go through a final vote in the Senate. While it's not immediately known when the measure will be taken to a vote in the upper house, Senate leader Antonio Carlos Magalhaes said earlier this week that Congress would convene weekend sessions to vote on key fiscal legislation. The lower house approved the measure 335-147. --------------------------------------------------------------------------------