71.   The rich countries are already fretting about the implications for public pensions, health care and the job market.

72.   The plan would also permit subsidiaries engaging in the trust banking business to manage corporate trust funds, but not public pension funds.

73.   The shareholders, mainly public pension funds, walked out of a meeting with board members.

74.   The study also suggests that the movement is fairly broad based, spread almost evenly between individuals, public pension funds, religious groups and other institutions.

75.   The yen noticeably weakened, partly on remarks by Finance Minister Kiichi Miyazawa that an agency that manages public pension funds would buy bonds.

76.   They also dismissed suggestions by Malone that using investment income might deplete the money needed to pay future public pensions.

77.   They noted that the state is in the process of divesting its holdings in tobacco companies and last year voted to ban tobacco holdings in public pension funds.

78.   They include a growing government deficit, a failing public pension agency, falling exports and climbing unemployment.

79.   To achieve stability, Brazil must find a more sensible tax structure, get better control of fiscally lax state governments and reform its public pensions.

80.   This would mean lower costs and subsidized savings for those not yet retired, and would make friends for the embattled public pension system.