The Kingdom of Spain and Brazil renew pension agreement between the countries
25/07/2012 16:38 - Portal Brasil
A Complementary Review Agreement on the Pension Fund Treaty between the Federative Republic of Brazil and the Kingdom of Spain was signed on Tuesday, July 24, between the Minister of Social Welfare, Garibaldi Alves Filho, and the Spanish Minister of Employment and Social Security, in the Palace of the Senate, in Madrid.
The signing of the review of the pension fund occurred in a bilateral meeting between Brazil and Spain, simultaneous to the 8th Ibero-American Conference of Employment and Social Security Ministers, whose theme is the employment policies of the twenty-first century.
The complementary agreement aims to upgrade the social security agreement between Brazil and Spain, signed in 1991 and operational since 2005, with additional adjustment signature. The first agreement between the two countries was originally signed in 1969.
The fifth largest Brazilian community abroad and the second in the European continent will benefit from signing this agreement. According to official statistics, the Brazilian community in Spain is made up of over 150,000 people, only staying behind the Brazilian communities in the United States, Japan, Paraguay and the United Kingdom.