According to reports, in the capital Brasilia, hundreds occupied the finance ministry, while in Sao Paulo, demonstrators brought traffic to a standstill.
President Michel Temer says capping pension benefits and raising retirement age is needed to fix the country's finances.
Brazil is going through its worst recession in more than a century.
The government plans to set the minimum age of retirement at 65yrs, a decision that has provoked much anger, as many people are able to draw their pension at 54yrs.
But President Temer said the reform was needed to prevent a collapse of the pension system.
He said the austerity measures were needed now, in order to prevent a future crisis .
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