INSS starts paying retirement with a 10.16% readjustment

The INSS (National Social Security Institute) begins to pay this Tuesday (1st) the new retirement amounts for those who earn more than one minimum wage (R$ 1,212). The benefit will increase by 10.16%, according to the annual adjustment by the INPC (National Consumer Price Index).

This Tuesday, policyholders who have the benefit number ending in 1 or 6 begin to receive. Payments will be made until February 7th. In March, deposits resume on the 3rd for benefits above the floor.

The INSS also continues with the payments of those who receive the minimum wage, starting on January 25th. ​The exact days of the first deposit with annual adjustment, referring to the January competence, vary according to the end of the benefit, without the digit that appears after the dash.

Payment is made via card, for those who receive by this means, or by deposit in a current account, according to the INSS.

See this month’s INSS calendar

For benefits above the minimum wage

For benefits of up to one minimum wage

How to check your extract

The retiree must access the website or mobile application Meu INSS and consult their payment statement. The consultation also allows you to check how much will be paid in Income Tax, for those who receive amounts above R$ 1,903.98 and are therefore not exempt. Retirees and pensioners aged 65 and over pay less tax, as there is an extra quota of exemption.

The statement also displays active payroll loan installments, payments to associations and other discounts applied to the retirement amount, if any.

Query step by step

Check the INSS annual payment calendar

The 10.16% readjustment is applied to benefits above the floor, and resets the 2021 inflation. With the increase, the INSS retirement ceiling became R$ 7,087.22 in 2022. The Income Tax discount may be higher, especially for retirees and pensioners up to 64 years of age, as the table used to calculate IR discounts has not been updated since 2015.

Here’s what your final retirement value looks like in 2022

The calculations were made by the IOB and the report, based on the current IR table.

Anyone who retired or started receiving a pension from February 2021 receives the first proportional adjustment. The indices range from 0.73% to 10.16%.