English 
Spanish 
4 min read
0 comments
In the not-so-distant future, retirement at 78 could be a reality for Brazilians. According to a recent study by the World Bank, the minimum retirement age should be progressively adjusted over the coming decades. The projection suggests that, if nothing changes, the minimum retirement age should reach 72 in 2040 and 78 in 2060. These adjustments, according to the researchers, are necessary to maintain the balance of the country's social security system, which is facing the challenge of the rapid aging of the population.
The dependency ratio of the elderly, that is, the proportion of people of retirement age in relation to the economically active population, would be the main reason for this possible increase in the minimum retirement age. Without changes, the forecast is that the INSS benefit will not be sustained on the current basis, since the increase in life expectancy and the reduction in the birth rate make the social security system increasingly burdensome for the public coffers.
Life expectancy and impact on retiring with INSS benefits
With a life expectancy that reached 76,4 years, according to IBGE data from 2023, Brazilians are living longer, and the number of contributors in relation to retirees is decreasing. In 2019, with the pension reform, the minimum age was set at 62 for women and 65 for men, a significant change, but which now proves insufficient to keep up with the demands of the pension system. Currently, INSS benefits consume approximately 12,7% of GDP, making it urgent to seek alternative solutions so that the system continues to function for future generations.
According to the IBGE survey, life expectancy differs between genders: for those born in 2023, it is 79,7 years for women and 73,1 years for men. In periods prior to the pandemic, such as in 2019, life expectancy was already 76,2 years, signaling a gradual aging of the population that puts even more pressure on the social security system.
- New government rule will leave MILLIONS of Brazilians without the long-awaited salary bonus
- Paulo Guedes exposes Lula and PT's DARK PLAN that threatens the BRAZILIAN ECONOMY
- China's 100 BILLION mega project that will transform the Northeast into the RICHEST region in Brazil
- Man pays 10.000 Bitcoins for 2 pizzas: order today is worth R$5 billion and goes down in history as a milestone in cryptocurrencies!
Ambec's role in defending INSS beneficiaries
Ambec (Association of Retired Mutualists for Collective Benefits) has been closely monitoring the impacts of these changes and providing legal support to its members in relation to pension rights.
According to Marilisa Moran Garcia, president of the association, “With so many needs for modifications being highlighted, we need to stay up to date to defend the interests of INSS beneficiaries and contribute to improving the quality of life of our members.”. Ambec has been working since 2006 to defend the rights of INSS retirees and pensioners, currently having more than 60 thousand members throughout Brazil.
In addition to legal advice, the association offers benefits in the areas of health, dentistry, and insurance, and promotes educational and prevention events. This work is essential for raising awareness and supporting retirees, in a scenario in which INSS benefits are facing possible reforms.
The future of retirement in Brazil
The World Bank study also highlights that, although Brazil has achieved nearly universal social security coverage, with contributory and non-contributory plans, sustaining this model requires ongoing reforms. The high rate of dependency on INSS benefits and the low uptake of the social security system among the economically active population are factors that indicate the need to rethink the current model.
With the projected increase in the minimum retirement age, experts argue that other solutions should be considered, such as the inclusion of incentives to increase the number of contributors and measures that ensure a gradual transition to the new rules. In this way, the country will be able to achieve a more stable and sustainable system, meeting the needs of the elderly population without compromising the country's economic future.
About Ambec
Since its founding in 2006, Ambec has been a safe haven for thousands of INSS retirees and pensioners, providing guidance and support regarding benefits and legal issues. With a nationwide presence, the association not only represents the interests of its members, but also promotes social responsibility actions and health campaigns, proving itself as a fundamental ally in the scenario of changes in INSS benefits.
