English 
Spanish 
5 min read
If you have a busy life and haven't had time to find out about the New Pension Plan, you've only been listening to rumors, opinions from co-workers and relatives, we at Click Petróleo e Gás have prepared this article so you can stay on top of the new rules briefly
The federal government's proposal for New Pension sent to Congress provides for more balanced rules and minimum ages appropriate to the moment in the country. In view of the forecast of spending BRL 750 billion on retirement, pensions and benefits in 2019, an expense whose tendency is to increase even more in the coming years. In addition to ensuring that the benefits do not consume resources that could go to health, education and security. With rules for all sectors, the text establishes a very simple logic: ending privileges. According to the proposed rules, whoever earns more must contribute more to the pension system; those with lower wages should contribute less. New rules for access to retirement were also defined.
- How about earning R$7.748,83 + R$350 in childcare assistance working at SENAI? SENAI has a vacancy for a higher education level to work from Monday to Friday as a Service Analyst
- Donald Trump's 2025 Salary Revealed — Will He Donate It All?
- A mega fertilizer factory could be built in Macaé, Rio de Janeiro, with an estimated investment of R$5 BILLION!
- Want to train without leaving home? UFRGS offers dozens of free, fully online courses
How to access retirement? One of the pillars of Nova Previdência is to establish a minimum age for Brazilian workers: 65 years for men and 62 for women. It will also be necessary to contribute at least 20 years to the National Institute of Social Security (INSS).
Who is included in the New Pension proposal? All are included in the New Pension proposal. Deputies, senators and politicians in general, civil servants and workers in the private sector will have new rules for retiring.
What happens without the New Pension Plan? Without a new system, Brazil will need to draw more and more resources from important areas such as health, education and security. Today, the federal government allocates an amount equivalent to 10% of all the wealth produced in a year in the country to maintain the payroll of inactive workers and other Social Security beneficiaries. The current model is out of balance, with expenses greater than it is possible to collect.
How will the economy look? In 10 years, the expectation is to generate savings of more than R$ 1 trillion with the New Pension Plan. In practice, the citizen will have a sustainable retirement system, which will contribute to a more organized and stronger country in the face of crises. With balanced internal accounts, the federal government will be better able to encourage the economy and job creation, and there will be more resources to invest in what matters to society.
Now let's get down to business, understand what changes and compare the New Pension proposal with the rules in force today
New Pension
The Nova Previdência proposal respects the acquired rights of people who have already retired or fulfilled the requirements set forth in the current legislation to retire, even if they have not yet applied for retirement. The transition rules are foreseen for those who are in the labor market and contribute to Social Security. This means that the worker will be able to calculate the most advantageous model for retiring, taking into account his age and working time.
In addition to creating rules for minimum age and contribution time, Nova Previdência will change the contribution rates for the National Institute of Social Security (INSS). Those with higher salaries will contribute more; those who receive less will contribute with a smaller percentage. This progressive logic is similar to the method of charging Individual Income Tax.
People with an income of one minimum wage will have a lower contribution than the current one: instead of 8% on their salary, the rate will be 7,5%. For workers with a formal contract who earn more than one salary, the proposed rates will be progressive, reaching a maximum of 14%.
Understand how the contribution rates for the INSS of Nova Previdência will be
How is it? Those who earn up to one minimum wage will have a reduced contribution rate. Instead of paying 8% on salary, it will disburse 7,5%. This goes for workers in the public and private sectors. Above this income range, the rates vary progressively, following the same income tax logic, as shown in the table below.
How are the requirements for access to public service pensions: for civil servants in general
Under the current social security system, public servants can ask for retirement either by contribution time or by age, as is the case with private initiative workers. If the National Congress approves the Proposed Amendment to the Constitution of the New Pension Plan (PEC 6/2019), the general rule for public servants' access will become only one, valid for those who enter the public service after the approval and enactment of the PEC. Currently, it is already necessary to have at least 10 years of public service and five years in the same position, requirements that will remain for new servers.
There are three ways TODAY to retire
Minimum age. Today, the Brazilian can retire by different rules in the general regime. By age, urban workers are entitled to the benefit from the age of 60; for men, from 65. In both cases, 15 years of contribution must be registered. In rural areas, the minimum ages are, respectively, 55 and 60 years.
Contribution time. A second model is the one that allows retirement for contribution time, with no minimum age. Under the proposal, women are entitled to apply for the benefit when they reach 30 years of contribution. For men, the minimum age requirement is 35 years. In retirement for contribution time, however, a calculation called the social security factor is applied, which reduces the amount to be received according to the age of the person.
Points rule. The points rule allows you to retire with the full amount of the contribution salary, without applying the social security factor. In this model, age is added to contribution time. Women can retire on full income if the score reaches 86. For men, the score must be 96.
Source: Government of Brazil, with information from Proposed Constitutional Amendment No. 6/2019
Now that you are on top of Nova Previdência, leave your opinion to us at Click Petróleo e Gás!!!
