Money, Real Brazilian currency| Photo: José Cruz/Agência Brasil

The maintenance of the minimum wage at R$ 1,302 at least until May, announced today (18) by the Minister of Labor and Employment, Luiz Marinho, will change the calculation of the contribution of individual microentrepreneurs (MEI) to Social Security. The value, which would rise to R$66 if the minimum wage of R$1,320 stipulated by the Budget were in force, will now be R$65.10.

The increase, of 7.43%, follows the readjustment of the minimum wage, which went from R$ 1,212 last year to R$ 1,302 this year, as stipulated by a provisional measure issued in December by the last government.

The readjustment will apply only to tickets due from February 20th. This month’s quota, which expires on January 20, will continue to be paid at the old amount of R$ 60.60.

For MEI truck drivers, who contribute more to Social Security, the value will increase from R$ 145.44 to R$ 156.24. If the minimum wage were to increase to R$ 1,320, the value would increase to R$ 158.40. With information from Agência Brasil.