Abstract

This article makes a reflection on the progressivity of the pension policy in Brazil,
based on the debate between Hoffmann (2021) and Cardoso et al. (2021a, 2021b) published
in REP. The adequacy and equity dimensions should occupy a prominent space in this analysis.
The empirical literature, through the calculation of the Replacement Rate and the Internal Rate
of Return, provides evidence about progressivity of old-age benefits of RGPS, in the dimensions
of income, sex, education and type of benefit. As for the federal RPPS, there is less clear
evidence of progressivity in terms of sex, and evidence of regressivity in terms of income.

JEL Classification: H55; D63; J26.