INSS Retirement Values ​​through the calculator that performs simulations – Mix Vale

2023-09-20 13:34:29

INSS Retirement Values ​​through the calculator that performs simulations Retirement based on contribution time is the benefit that was most changed by the Pension Reform.

It wasn’t just the requirements for obtaining retirement that changed, the ways of calculating it too.

There are now several different calculation methods, which vary according to the type of retirement by contribution period intended.

In this content we will show How to calculate retirement based on contribution time in each of its modalities and clarify once and for all that old doubt: “How much will I receive in retirement?” Summary in topics

How the calculation of retirement based on contribution time works

To understand How does retirement calculation based on contribution time work?first you need to know that there are 5 main forms of this type of retirement, which are:

Old rule: Retirement based on contribution time (acquired right)

Transition rule 1: Progressive age

Transition Rule 2: Progressive Points

Transition rule 3: Toll 50%

Transition Rule 4: 100% Toll

Each of these modalities has its own calculation rule, with the exception of Transition Rules 1 and 2 (Age and Progressive Points) which are calculated in the same way.

How to calculate retirement

O retirement calculation based on contribution time (acquired right), with 35 years of service for men and 30 for women, is done as follows:

Take the average of your 80% highest salaries since 07/1994; Multiply by the Social Security Factor

The Pension Factor is not applied if you complete the Points retirement rules before the Retirement.

Those who were unable to complete the contribution period to retire before the Pension Reform can make use of the Transition Rules.

So let’s see how to calculate retirement based on contribution time by the new rules:

Progressive Age

To calculate the Progressive Age Transition Rule salary:

Take the average of all contributions since 07/1994

Multiply by 60%

Add +2% for each year that exceeds 15 years of contributions for women and 20 years for men.

The Progressive Points Transition Rule is calculated in the same way.

Example: A man who turns 63 in 2023, has 35 years of contribution time and has an average of R$2,000.00.

This average will be multiplied by 90% (60%+30%) and the retirement value will be R$1,800.00.

50% toll

This is the only new rule that affects the social security factor, see how it looks:

Take the average of all contributions since 07/1994

Multiply by the Social Security Factor

The Social Security Factor is a formula that takes into account your age, contribution time and life expectancy.

The earlier (therefore at a shorter time and age) you retire, the lower your retirement will be.

100% toll

Just calculate the average of all salaries since July 1994.

The result will be the value of the benefit.

When they ask “How to retire with 100% of your salary?”, the answer may lie in this benefit.

But be careful: it will be 100% of the average of all salaries (not excluding 20% ​​of the lowest salaries), and not your last salary.

Example: If the average of all your salaries is R$4,000.00, this will be the value of your benefit, even if your last salary was, for example, R$2,000.00.

Calculation of retirement contribution time simulation

Now that you know How to understand retirement calculation based on contribution time In all its forms, the ideal is to simulate and compare not only the value of salaries, but also the dates on which you will complete the requirements for each of the rules, as well as the advantages and disadvantages of each type.

To get an idea of ​​what the value of your retirement will be under the new rules, we have prepared the table below, which shows what the percentage will be according to the contribution time you have:

NEW PENSION REFORM RULESContribution TimeManWoman15 years–60%20 years60%70%25 years70%80%30 years80%90%35 years90%100%40 years100%110%*45 years110%*120%**For Transition toll rules 50% and 100%, the rate is limited to 100%

It is very important that you do not forget to check the other types of retirement to make sure that calculation for retirement based on contribution time is the best in your case.

We have prepared a retirement calculator to help you with this task.

Remember that the biggest benefit is not always the best, as you may stop earning a lot of money to wait for a higher retirement.