Retirees and pensioners of the National Social Security Institute (INSS) will pay less in future payroll loan operations. By 12 votes to 3, the National Social Security Council (CNPS) approved this Monday (13) the new interest limit of 1.7% per month for these operations.
The new ceiling is 0.44 percentage points lower than the old limit of 2.14% per month, the level in effect since last year. The interest ceiling for the payroll credit card fell from 3.06% to 2.62% per month. Proposed by the government itself, the measures come into force as soon as the normative instruction is published in the Official Gazette.
According to the Ministry of Social Security, the reduction will benefit around 8 million citizens with loans deducted directly from their payroll. Of this total, approximately 1.8 million beneficiaries reached the maximum discount limit of 45% of their retirement or pension.
At today’s meeting, the Minister of Social Security, Carlos Lupi, announced his intention to discuss the percentage discount margin on payroll at the next CNPS meeting, on April 27. Lupi classified the current fees as “abusive” and punishing vulnerable people. According to the president of the INSS, Glauco Wamburg, the average income of retirees and pensioners who use payroll loans is R$ 1.7 thousand.
The CNPS also approved, at this Monday’s meeting, the formation of a working commission to analyze the payroll credit card system for INSS beneficiaries, with the same proportionality as the advice and which should complete the analysis in 60 days. A commission was also approved to discuss the composition and competence of the collegiate within 90 days.
