Want To Retire Young? Government Approved New Law On INSS Retirement Promising To Retire Brazilians Without Minimum Age Restrictions

Do You Want to Retire Earlier? Goodbye to the Minimum Age for INSS Retirement! New Law with Flexibility of Rules for Those Who Had a Signed Work Card!

Goodbye to the Minimum Age for INSS Retirement! The year 2024 has brought important changes for Brazilians planning to retire earlier. The National Institute of Social Security (INSS) has revised some of its regulations, making the process more flexible compared to previous years. The new Law seeks to adapt to demographic changes and ensure the sustainability of the social security system.

One of the most highlighted changes was the flexibility of the minimum age for retirement by time of contribution. With this alteration, many workers will be able to retire earlier without having to meet the minimum age that was previously required. This innovation promises to bring considerable relief to those who wish to rest after years of contribution. New Law

What Are the New Rules for Retirement by Time of Contribution?

In 2024, the changes in the rules for retirement by time of contribution include: New Law

• Increase in Minimum Age: For women, from 58 to 58 years and 6 months; for men, from 63 to 63 years and 6 months.
• Increase in the Transition Rule Points: Women moved from 90 to 91 points; men from 100 to 101 points.
• Rule 86/96 in Effect: Allows retirement without a minimum age for women with 30 years of contribution and men with 35 years, as long as the sum of age and time of contribution reaches 86 points (women) or 96 points (men).
• Benefit Calculation Formula: Considers 100% of contributions made after July 1994.
• 50% and 100% Toll: For those who were close to retiring before the social security reform, there are transition rules with tolls on the time remaining to meet the requirements prior to the reform.

These changes primarily affect those who had already contributed before the social security reform, which took place on November 13, 2019. For those who started contributing after that date, the new general rules apply, with a minimum age of 62 years for women and 65 years for men, in addition to a minimum contribution time of 15 years (women) or 20 years (men).

How to Check Your Contributions and Understand the New INSS Law?

With the new rules in effect, it is essential to understand how they impact your future retirement. The INSS offers various tools to help contributors, from online services to in-person assistance. Here are some ways to check your contributions and better understand the reforms: New Law

• Meu INSS Platform: Simple and functional access to check statements, schedule examinations, and update information.
• Meu INSS App: Allows you to manage your contributions directly from your smartphone.
• Phone Center 135: Telephone assistance to clarify general doubts.
• INSS Agencies: In-person service for more detailed and personalized assistance.

What Is the 86/96 Formula?

The 86/96 formula is a retirement rule that allows workers to retire without a minimum age, provided that the sum of age and time of contribution reaches 86 points for women and 96 points for men. New Law

How It Works:

• For Women: The sum of age and time of contribution must reach 86 points. For example, a woman aged 56 with 30 years of contribution can retire.
• For Men: The sum of age and time of contribution must reach 96 points. For example, a man aged 61 with 35 years of contribution can retire. New Law

How This Affects Your Retirement:

• Flexibility: The 86/96 formula offers more flexibility for retirement planning, allowing you to retire earlier if you have contributed for a longer time.
• Full Benefit: Upon reaching the necessary points, you are entitled to receive the full retirement benefit without the application of the pension factor, which could reduce the value of your benefit.
• Planning: The 86/96 formula simplifies retirement planning, as it allows you to calculate when you will reach the necessary points and plan for retirement. New Law

Important:

• The 86/96 formula is a transition rule created by the social security reform of 2019. It has been in effect since then, being updated annually, with the addition of one point per year.
• To retire under the 86/96 formula, it is necessary to meet other requirements, such as the minimum contribution time required (30 years for women and 35 years for men). New Law

What Is the Best Rule to Retire Today?

The best rule for retirement today depends on your individual situation, taking into account age, time of contribution, and future expectations. The main retirement rules in 2024 are: New Law

Retirement by Age:

• Women: 62 years and 15 years of contribution.
• Men: 65 years and 15 years of contribution.

Retirement by Time of Contribution:

• General Rule: No longer exists.
• Transition Rules:
  • 50% Toll: Additional contribution time of 50% over the time that was missing on 11/13/2019.
  • 100% Toll: Additional contribution time of 100% over the time that was missing on 11/13/2019.
  • Progressive Minimum Age: Minimum age that gradually increases until reaching 62 years for women and 65 years for men, combined with a minimum contribution time of 30 years for women and 35 years for men.
  • 86/96 Formula: Sum of age with time of contribution equal to 86 for women and 96 for men, with minimum contribution time of 30 years for women and 35 years for men.

Special Retirement:

• For activities with exposure to harmful health agents, with specific rules for each professional category. New Law

Rural Retirement:

• Women: 57 years and 15 years of rural activity.
• Men: 60 years and 15 years of rural activity.

To determine the best rule for you, it is essential to analyze factors such as: New Law

• Age: The closer you are to the minimum age, the more advantageous retirement by age may be.
• Time of Contribution: If you have a long time of contribution, the transition rules may be more advantageous.
• Life Expectancy: The higher the life expectancy, the longer you will receive the benefit, which may make retirement by age more favorable.
• Benefit Amount: Simulate the benefit amount under each rule to make the best decision.

Useful Resources:

• INSS Retirement Simulator: https://www.gov.br/pt-br/servicos/simular-aposentadoria
• Meu INSS Portal: https://meu.inss.gov.br/

Remember that choosing the best rule is a personal and important decision. Consult a social security specialist to analyze your situation and make the most suitable decision for you.

How to Check Your Retirement Status by CPF?

You can check your retirement status by CPF in several ways: New Law

• Meu INSS: Access the Meu INSS website (meu.inss.gov.br), log in with your Gov.br account, and click on “My Benefits.” There you will find information about your benefit requests, including the status of your retirement. In the Meu INSS app, available for Android and iOS, the functionalities are the same.
• Customer Service Center 135: Call 135 and follow the instructions to check the status of your retirement request. Have your CPF handy to inform the attendant.
• INSS Agency: Schedule an in-person appointment at an INSS agency to obtain detailed information about the progress of your retirement process.

Who Can Retire at 55 Years Old? New Law

Retirement at 55 years old is feasible for some specific categories of workers, such as those who worked in conditions harmful to health (special retirement) or special insured women (rural workers, artisanal fishers, and indigenous peoples). Additionally, there are proposals under analysis in Congress to expand access to special retirement at 55 years. It is crucial to prove the time of work and exposure to harmful agents, if applicable, and consult a social security specialist to analyze your individual situation. New Law

For more information about the amount and minimum contribution time for INSS in 2024, consult the official INSS website or a specialist in social security law.

• INSS, access here.
• Social Security, access here.
• CNPC, access here.
• Retirement Simulator – ACCESS HERE the Gov.br Portal
• Want to know how much time is left to retire and the transition rules? Click here and check it out!

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