Sadia is one of the world’s leading producers of chilled and frozen foods. Established in Brazil in 194...
Cyrela Brazil Realty is the largest residential real estate developer in Brazil. Considered one of the m...
Today, Banco do Brasil is the largest financial institution in the Country with 24.4 million clients and ...
CPFL Energia is a holding company in Brazilian electricity sector, operating through its subsidiaries in ...
Copersucar S.A. is the largest Brazilian sugar, ethanol and bioenergy company and a significant player in...

Payment of the first installment of the 13th INSS begins in August

Benefits

Measure will serve about 30 million beneficiaries and inject $ 21.9 billion into the economy

The federal government determined on Monday (05/8) the advance payment of the first installment of the annual allowance of the National Institute of Social Security (INSS). Half of the allowance - known as the 13th for retirees and pensioners - will be paid between the last five days of August and the first five days of September, following the payment dates of the month's benefits. This represents an injection of R $ 21.9 billion in the economy in this third quarter. About 30 million beneficiaries will be entitled to the first installment of the annual allowance.

The anticipation of payment of 50% of the allowance occurs through Provisional Measure 891 , sent to Congress, by decision of the President of the Republic, Jair Bolsonaro. In previous years, the anticipation occurred by decree, therefore, did not provide space for anticipation payment in subsequent years.

"This is an important act, which at the same time will leverage the Brazilian economy by more than $ 21 billion and transform a government policy into a state policy. With the measure, from now on, there will be predictability so that in the INSS retirees and pensioners will be able to schedule themselves, as they will have a real guarantee that they will receive this advance in August. Work of the Ministry of Economy, Rogério Marinho, on the night of this Monday.

Marinho pointed out that since 2006 the advance payment of the INSS allowance has been made in different months. "Civil servants have this condition in the law and retirees and pensioners do not," he said.

Advance payment will benefit those who, during the year, have received sick pay, accident allowance, retirement, reclusion allowance or death pension and other benefits administered by the INSS that are also entitled to the annual allowance. The remaining 50% will be paid at the end of the year.