President Jair Bolsonaro sanctioned the bill that extends until November 30 the deadline for the migration of federal public servants to the Complementary Pension regime, a change that, according to the new rules, will be “irrevocable and irreversible”, according to the Secretary-General. General of the Presidency of the Republic.
“Significant changes were made to the granting of retirement, in view of the need for sustainability of the growth of expenses with social security benefits in the face of population aging”, informed, in a note, the secretariat, highlighting the “need to adapt the infraconstitutional legislation to the these constitutional innovations”.
Employees interested in joining the Complementary Pension plan need to sign the membership term by November 30th. “The sanction of the norm will allow servers the option (nothing is compulsory) to change the retirement system within standards that maintain the sustainability of Social Security”, adds the note.
Calculation basis
The change in the tax legislation, according to the Presidency, is “intended to remove any doubts about the maintenance of the withdrawal of the Individual Income Tax (IRPF) calculation base from contributions to Funpresp. [Fundação de Previdência Complementar do Servidor Público Federal]even after recent constitutional and legal changes”.
The migration from the Own Social Security Scheme (RPPS) to the Complementary Pension Scheme (RPC) is “irrevocable and irreversible” and exempts the Union from paying counterparts for discounts already made above the limits of the General Social Security Scheme (RGPS).
Employees who joined the public service from 2013 onwards, receive above the ceiling of the National Institute of Social Security (INSS) and made this option can participate in the RPC, in addition to those who migrated from the regime, regardless of the date of entry.
The new law also changes the legal nature of Complementary Pension foundations. They are now structured with legal personality under private law. Instead of the Bidding and Contracts Law, they now follow the rules of mixed capital companies.
One of the immediate consequences is the end of the salary limit for the directors of the Federal Public Servant Complementary Pension Foundation (Funpresp). Before MP 1,119, salaries were limited to the ceiling of a minister of the Federal Supreme Court (R$ 39,293.32).
