August 18, 2022
Changes in INSS Benefits Amounts Effective January

Changes in INSS Benefits Amounts Effective January

Retirement and pensions from INSS (National Institute for Social Security) will be adjusted from January 2022. This is because the national floor will increase from R$1,100 to R$1,210.44 according to the forecast of the new salary value.

last estimate for INPC (National Consumer Price Index) estimates that 2021 will close with 10.04% inflation. Therefore, the minimum wage will be raised to R$1,210.44 as of January next year.

The INPC national floor is used as the basis for the annual adjustment, which will not only change the INSS retirement and pension values, but also other benefits offered by the government.

HOW IS THE INSS . CAP

Dropping the new minimum amendment will also change the value of the INSS cap, which should be R$7,079.50, currently, the value is R$6433.57.

Since the government relies on the INPC to raise the national minimum taking into account inflation, data from the IBGE (Brazilian Institute of Geography and Statistics) shows that inflation is expected to rise by 11.08% in the 12-month period to October, which is in contrast to the cost of living of the Brazilian worker who was Suffers from high prices.

The official inflation for 2021 will only be released in January 2022 by IBGE. Therefore, INSS benefits will increase in value, check the table according to the latest forecasts for the new value of the minimum wage.

current value Amendment 2022
1.100 Brazilian Real 1,210 Brazilian Real
1.500 Brazilian Real 1.65060 BRL
Two thousand Brazilian riyals 2,200,80 BRL
3 thousand Brazilian riyals 3,301,20 BRL
3.500 Brazilian Real 3,851.40 Brazilian Real
4 thousand Brazilian riyals 4,401.60 BRL
4.500 Brazilian Real 4,951.80 Brazilian Real
5 thousand Brazilian riyals 5.502 Brazilian Real
5,500 BRL 6.05220 BRL
6 thousand Brazilian riyals 6.602.40 BRL
6,433.57 Brazilian Real 7.079.50 BRL

The National Institute of Social Security (INSS), although it still does not have the official value of readjusting benefit values, has already released the calendar for 2022.

The National Institute of Social Security (INSS) has released the payment schedule for 2022. Currently, 36 million policyholders receive benefits such as retirement, pension, and other social security benefits.

The new calendar will also be used for ongoing cash benefit payments (BPC) for seniors over the age of 65 and people with disabilities.

INSS . source