On August 31, 2021, the Annual Budget Law was sent to the National Congress through the Ministry of Economy, whose main proposal is to increase the minimum wage from R$1,100 to R$1,169. As a consequence of this, the benefits guaranteed by Social Security will be, on average, 6.2% readjusted, for example, the ceiling of the National Institute of Social Security (INSS) will be worth R$6,843 in 2022.
What this article covers:
What should be done to receive maximum earnings?
This is a rare case, but it can happen when a person has a contribution time that is longer than the maximum required. Theoretically, those who contributed most of their life for the ceiling of the National Institute of Social Security (INSS) are entitled to request the maximum amount upon receipt of their retirement, however, the application of the correction indexes to the values established by the National Institute of Social Social Security (INSS) have changed a lot over the years.
What are the new rules for the INSS ceiling?
It is considered 60% of the average of all minimum wages of the taxpayer and 2% per extra year of contribution for each overcoming of 20 years for men and 15 years for women for the calculation of Social Security.
In order to receive 100% of their average salary, it is necessary that the contribution be made for 40 years by men, while the contribution is given for 35 years by women.
What is the minimum age for the new INSS ceiling?
In 2021, the ceiling of the National Institute of Social Security (INSS) requires that the minimum age to contribute is 62 years for men and 54 years for women. For policyholders enrolled in pre-retirement, the transition by points is valid, a process of summing the age of the taxpayer and the contribution time given by him. Your result shows how many points are needed to retire this year, are 98 years for men, while it is 88 years for women.