Payment of the 14th salary of retirees will be released until March?

Apparently, the payment of the 14th salary of retirees of the National Institute of Social Security (INSS) will be made possible in 2022. The benefit has been under discussion in the National Congress for just over a year. However, the text was stopped for a period due to the lack of political consensus on the salary proposal.

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The INSS 14th salary proposal was registered in Bill (PL) No. 4367, of 2020. Federal deputy Pompeo Mattos (PDT – RS) is the author of the project, which was presented in the first outbreak of Covid-19. However, the text is still being discussed in the Chamber of Deputies and needs to go through some stages until its final approval.

The PL emerged with the aim of providing support to retirees, since they were not contemplated with emergency aid and other assistance provided by state and municipal governments. If approved, the 14th salary will inject around R$ 50 million into the Brazilian economy.

How is the procedure?

The project has already received approval from the Finance and Taxation Commission of the Chamber of Deputies, and now needs to be evaluated by the Constitution, Justice and Citizenship Commission (CCJC). Subsequently, the text goes to the Senate and, if approved, still needs the sanction of the President of the Republic.

Who can access the benefit?

Once approved, the 14th INSS salary will be paid to retirees, pensioners, beneficiaries of prison allowance, sickness allowance and daycare allowance.

On the other hand, people who are contemplated by the Continuous Provision Benefit (BPC) will not receive payment, as well as those who receive monthly pension for life, supplementary aid for accidents at work and social security support for disability for workers rural.

What is the amount and when will the payment be made?

The value of the benefit will be a maximum of two minimum wages. As for the payment period, it is expected to be released in March 2022 and 2023, according to the proposal.

Where will the funds for the benefit payment come from?

The idea is that the value comes from three sources, the first being the provisional increase in Social Contribution on Net Income quotas for banks, fuel and energy.

Union resources will also be used from the banking, energy and fuel sectors, and, finally, amounts obtained through the revocation of tax exemptions to the companies mentioned in Bill No. 3,203, of 2021.

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