INSS consignee: see rules for those who receive BPC – 09/13/2023 – Market

INSS consignee: see rules for those who receive BPC – 09/13/2023 – Market

The INSS (National Social Security Institute) published a normative instruction that releases the loan granted to policyholders who receive BPC (Continuous Payment Benefit), after the STF (Federal Supreme Court) has ruled on the issue. Now, interested banks can offer the line of credit again.

On Monday (11), the Supreme Court decided that the loan is constitutional in the judgment of ADI (Direct Action of Unconstitutionality) 7223. The case was taken to the Supreme Court last year, by the PDT, following a law by the Bolsonaro government that released the loan to beneficiaries BPC and the former Auxílio Brasil.

According to the institute’s rules, policyholders who receive BPC can commit up to 35% of their monthly income, of a minimum wage (currently R$1,320), to the loan, which amounts to R$462.

Of the total percentage, 30% is allocated to a personal loan and the remaining 5% goes to a credit card, benefit card or cash withdrawal. The loan repayment period is 84 months.

The BPC is an assistance benefit worth one minimum wage, paid to elderly people over 65 years of age and low-income people with disabilities. To be eligible, the family must have a per capita income of up to a quarter of the minimum wage, which is R$330 this year.

According to the INSS, there are currently 5.5 million citizens receiving the benefit. Of the total, 1.7 million already have at least one active contract. This is because the measure had been released last year and then lost its validity. Of policyholders who have a loan, the average discounted amount, says the agency, is currently R$434.97.

The BPC consignment was approved by the Supreme Court by unanimous decision. Minister Kassio Nunes Marques, Edon Fachin, Dias Toffoli, Luiz Fux, Gilmar Mendes, Cármen Lúcia, Alexandre de Moraes, Rosa Weber, Cristiano Zanin, André Mendonça and Roberto Barroso voted in favor of the loan, following the rapporteur’s vote.

The release of credit divides experts. Professionals believe that it can be a debt instrument for citizens who are in a situation of social vulnerability, but consider that it is also a more affordable form of credit for those who do not have easy access to bank income.

How the payroll loan works

The payroll loan is a loan deducted directly from the beneficiary’s income. As a result, the default rate is practically zero. In the case of INSS contributions aimed at retirement and pensions, the rate is controlled by the CNPS (National Social Security Council). Interest rates today are 1.91% per month in the case of payroll-deductible personal loans.

In the case of BPC, it was not possible to make the loan because the issue was being debated in the Supreme Court. Now, banks can offer again. Interest, however, will not be controlled, but this is a type of credit that has the lowest rates on the market.


Workers registered with CadÚnico (Cadastro Único) who are part of a low-income family. To achieve this, per capita income (per person) must be up to a quarter of the minimum wage, which amounts to R$303 this year. It is not necessary to have contributed to Social Security, that is, there is no minimum time requirement.

The benefit is paid to:

  • Elderly person, aged 65 and over
  • Person with a disability, of any age, as long as they undergo expertise

The disability can be physical, mental, intellectual or sensory, making the citizen’s daily life difficult.

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