With the 2019 Pension Reform, the National Social Security Institute (INSS) implemented significant changes to the pension system. minimum age retirement in Brazil.
These changes involve contribution time requirements, but also minimum time, with specific adjustments for women.
So the new rules of minimum age retirement were released for 2024. Check it out!
Retirement without a minimum age: what has changed?
The big news announced by the INSS is the possibility of obtaining retirement without having to meet the minimum age.
This benefit is granted especially to the elderly and people with disabilities (PCDs), allowing many workers to reach retirement, even without having previously contributed to Social Security.
Therefore, this flexibility represents an important step forward, as it allows more citizens to enjoy this right, regardless of the time of prior contribution.
This measure seeks to adapt to the demographic and financial challenges faced by the country, aiming to provide greater security and well-being to workers.
Understanding the new rules
Under current rules, the right to retirement by age is acquired by men with:
- 65 years of age and 15 years of contributions.
Women must have, at least:
- 62 years and six months old.
So, for those who joined the General Social Security Regime after November 12, 2019, the minimum age is:
- 65 years for men;
- 62 years for women;
- 20 years of contribution for both sexes.
Finally, it is important to highlight that those who were close to retirement at the time of the Reform must be aware of some specific rules in order to guarantee access to this benefit.
Calculation of the value of retirement pension by minimum age
The calculation of the value of minimum age retirement It is carried out based on the average of all the worker's contribution salaries from July 1994 onwards.
Therefore, amounts received before this period are not considered.
Therefore, to calculate manually, the benefit will correspond to 60% of the arithmetic average of all contribution salaries after July 1994.
Therefore, this method allows the worker to estimate the amount they will receive after retiring.