What changes to the points rule in 2024?

Retirement points rule returns with great news in 2024! Calculation has been completely changed, check out all the tips for doing it at home.

Have you ever heard about the "retirement points rule"? This concept can be somewhat complex, but it is crucial to understanding how pensions work in Brazil, especially after the recent changes.

In 2024, this rule will undergo significant changes, directly affecting the lives of many workers. So, what changes in the points rule for retirement in 2024? To find out the answer, just keep reading!

How does INSS points retirement work in 2024? Credit: plasticaxe.

Pension Reform created the Points Rule

The Social Security reform, enacted in 2019, brought several changes to the Brazilian retirement system, including the creation of the points rule.

This rule is a type of retirement based on contribution time, which considers the sum of the insured person’s age and their contribution time to the National Social Security Institute (INSS).

The rule does not exclude retirement modalities based on common contribution time or age, being one of the transition rules created with the reform.

Also check out: IPTU deducted? Understand the new law and how the EXEMPTION works in 2024

How does the points rule work?

The retirement points rule was initially implemented by Law 13,183/2015, before the 2019 Pension Reform.

The law established that the sum of points should be 85 for women and 95 for men, with an increase of 1 point every two years. After the Social Security reform in 2019, this score began to increase by one point per year.

Now, in 2024, the changes continue to evolve. The required score will increase to 101 points for men and 91 points for women.

This change follows the logic that, with each passing year, the required score increases, until the limit is reached – 105 points for men and 100 points for women.

Points Table to achieve retirement in 2024

The points table for retirement in 2024 illustrates how the score has evolved since the Social Security reform and how it is defined for the coming years:

2019: 96 points for men and 86 points for women 2020: 97 points for men and 87 points for women 2021: 98 points for men and 88 points for women 2022: 99 points for men and 89 points for women women2024: 101 points for men and 91 points for womenAnd so on, until reaching the limit in 2028 for men and 2033 for women.

How to do the calculation?

To calculate retirement points, it is necessary to add the insured person’s age with the contribution time.

In 2024, men will need 35 years of contributions plus age to reach 101 points, while women will need 30 years of contributions plus age to reach 91 points.

Who is entitled to a points pension?

The point transition rule is valid for INSS policyholders who were already contributors before the Pension Reform, that is, before 11/13/2019.

These policyholders can use this rule, while those who started contributions after this date must adapt to the new retirement modalities established by the reform.

Calculation of Retirement Benefit by Points

The calculation of the point retirement benefit depends on the date on which the insured person met the requirements to be entitled to retirement.

To calculate the benefit, the average contribution wages are considered, with an increase of 2% for each year that exceeds 20 years of contribution for men and 15 years for women.

It is worth remembering that there is also a specific rule for retirement points for teachers. These professionals have an increase in their score, taking into account the reduced contribution time as a result of teaching.

Also check out: INSS Life Proof: see a guide for taking it online in 2024

Is the modality worth it?

Point retirement can be an advantageous alternative for many policyholders. It allows greater flexibility regarding retirement age, especially for those who started contributing earlier. It is important to evaluate each case individually to understand whether this modality is the most beneficial.

The changing retirement reflects ongoing changes in Brazil’s pension policies. The points rule, as part of these transformations, offers an additional retirement option based on contribution time, allowing workers to better plan their future.

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