sao paulo brazilian president michel temer say friday pension reform bill indispensable reduce nation budget deficit must vote year low house congress 2018 election year speak chemical industry event temer appeal businessmen lobby congress approval unpopular pension overhaul see investors crucial restore brazil fiscal health rodrigo maia speaker low house say week would put bill vote government secure 308 vote measure need passage allow time negotiations reluctant lawmakers temer agree congressional leaders thursday delay low house vote bill week dec. 18 last christmas recess clear low chamber temer expect legislation vote senate february reform pension system indispensable allow brazil move forward temer say must work us need show support bill temer acknowledge lawmakers face re-election next october legitimate concern support bill reform proposal seek increase age brazilians retire collect social security would also make pension payouts brazil among generous world modest vote delay next year chance approval limit lawmakers become sensitive demand voters election campaign get underway brazil president see low house pension reform vote december 18 week