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The Federal Government, through the Ministry of Economy, confirmed the estimate of the National Consumer Price Index (INPC) for 2020, leaving the current 2.35% and going to 4.10%. The indicator is important, since the result is used to readjust the minimum wage and pensions of the National Social Security Institute (INSS).
Therefore, if the index is confirmed, the wage floor would increase from R $ 1,045 to R $ 1,087.85 in 2021. That’s a increase of R $ 42.85.
Thus, with the 4.1% increase, the INSS ceiling can go from R $ 6,101.06 this year to R $ 6,351.20 as of 2021.
OR INSS roof it is for people who receive monthly salaries well above the national floor. Upon retirement, they would end up earning large sums. Therefore, the government could not pay the same amount every month based on what they earn in the practice of their profession.
For this reason, the retirement ceiling is necessary. The ceiling serves as a limit to social security expenses and maintains the balance of accounts in the Brazilian social security system.
INSS pay table
See below the projection of how the INSS benefits will be based on the National Consumer Price Index (INPC) at 4.10%.
| Today | New values |
| R $ 1,045 | R $ 1,087.85 |
| R $ 1,200 | R $ 1,249.20 |
| R $ 1,400 | R $ 1,457.40 |
| R $ 1,600 | R $ 1,665.60 |
| R $ 1.800 | R $ 1,873.80 |
| R $ 2,000 | R $ 2,082 |
| R $ 2,200 | R $ 2,290.20 |
| R $ 2.400 | R $ 2.498,40 |
| R $ 2,600 | R $ 2,706.60 |
| R $ 2,800 | R $ 2,914.80 |
| R $ 3,000 | R $ 3,123 |
| R $ 3,200 | R $ 3,301.20 |
| R $ 3,400 | R $ 3,539.40 |
| R $ 3,600 | R $ 3,747.60 |
| R $ 3.800 | R $ 3,955.80 |
| R $ 4,000 | R $ 4.164 |
| R $ 4.200 | R $ 4,372 |
| R $ 4,400 | R $ 4,580.40 |
| R $ 4,600 | R $ 4,788.60 |
| R $ 4.800 | R $ 4,996.80 |
| R $ 5,000 | 5,205 R $ |
| R $ 5.200 | R $ 5,413.20 |
| R $ 5.400 | R $ 5,621.40 |
| R $ 5,600 | R $ 5,829.60 |
| R $ 5,800 | R $ 6,037.80 |
| R $ 6,000 | R $ 6,246 |
| R $ 6,101.06 | R $ 6,351.20 |
Learn how to increase the amount of retirement up to the maximum limit paid by the INSS for 2021
Currently, the National Social Security Institute (INSS) is in charge of implementing the recognition of the rights of the insured under the General Social Security System – RGPS, which covers more than 50 million insured and approximately 35 million beneficiaries.
Article 201 of the Federal Constitution of Brazil observes the organization of the RGPS, which is contributory and has a mandatory membership, and which includes all INSS activities, respecting the government policies and strategies of hierarchically superior bodies, such as ministries. Currently the entity is linked to the Ministry of Economy.
The agency was created on June 27, 1990, by Decree No. 99,350, from the merger of the Institute of Financial Administration for Social Security and Social Assistance – IAPAS with the National Institute of Social Security – INPS, as an autarky linked to the Ministry . of Security and Social Assistance – MPAS.
The information contained in the INSS database is valid to prove affiliation to Social Security, contribution time and contribution salary. The body has 13 reviews available to increase the value of benefits. Different situations may justify a request for a review of the amount of the benefit paid by the Institute.
See also: The emergency allocation of R $ 1,045 can be released in the INSS
