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BRASÍLIA – On Thursday, President Jair Bolsonaro signed a provisional measure (MP) that increases the margin to grant payroll loans to retirees and pensioners of the INSS to 40%. The information was released by the General Secretariat of the Presidency of the Republic, but the full text has not yet been released.
Currently, retirees and pensioners of the INSS can request payroll loans that commit up to 30% of the benefit amount and an additional 5% for the use of credit cards in the withdrawal modality (totaling 35%).
With the expansion, the loans may commit up to 35% of the benefit amount plus 5% for the use of a credit card in withdrawal mode (totaling 40%)
“The objective is to allow potentially indebted people to have access to payroll loans with lower interest rates,” says the government note.
The increase in the payroll margin was one of the first measures announced by the government to face the pandemic, but it was not carried out due to a lack of consensus.
At a meeting held on August 27, the National Social Security Council (CNPS) decided to recommend to the Ministry of Economy that it present a legislative proposal to expand, by five percentage points, the margin of payroll deductible loans for retirees and pensioners of the Regime General Social Security. (RGPS) during the state of public calamity, which ends on December 31.
The government did not say how long the measure would last.
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