The ceiling value is readjusted annually according to the national index of consumer prices (inpc), which indicates changes in the value of brazilian products and services. Flavia silva share this article with facebook share this article with twitter share this article with messenger share this article with email share a cap is the maximum amount received as compensation or benefit. For example, a salary cap is the maximum salary a given category of professionals can earn. The social security ceiling is therefore the maximum amount an insured person can receive from the national institute of social security (inss) for any type of benefit, such as retirement. In addition, the cap is used as the basis for calculating social security contributions.
The ceiling value is readjusted annually according to the national index of consumer prices ( inpc ), which indicates changes in the value of brazilian products and services. A cap is tied to this indicator to ensure that inss beneficiaries maintain their purchasing power. It is necessary to establish this limit within the Whatsapp Database capacity of the social security system in order to avoid a deficit in the available balance, i.e. the payment of benefits exceeds the sum of the collections. Without a cap, there is a risk of damaging public coffers. Currently, about 35 million retirees and pensioners participate in social security, and very few insured people receive the limit stipulated by inss.
The new values are determined by the ministry of economy and officially published by decree no. 914 published in the union’s official gazette, effective january 1, 2020. in the previous year, the inss was capped at r$ 5,8345. thus, from 2019 to 2020, a real increase of 2661 reais. It is worth mentioning that the adjustment applies to retirees and pensioners who receive benefits in excess of the minimum wage. What did labor reform change? Originally, social insurance rates were calculated by applying a percentage to workers’ wages and contributions.