New retirement values: Check the value for 2024

The increase in retirement is expected by beneficiaries at the beginning of every year.

The best thing of all is that this increase affects both the floor and the ceiling of the INSS, which affects all beneficiaries, in addition to also increasing unemployment insurance values.

What was the increase in retirement for this year?

Every year, between January and February people start talking about the new retirement values.

In general, the change in values occurs due to the increase in the minimum wage, which also guides the values of Social Security benefits (INSS).

This year the minimum wage value was announced at R$1,412.00, representing a increase of 8.4%, compared to R$ 1,320.00 in 2023.

Therefore, the new retirement values are R$ 1,412.00, this being the new minimum value of INSS benefits.

INSS Floor and Ceiling: Understand how it works 

We previously clarified that the new retirement values set the INSS floor for 2024 at R$ 1,412.00.

But what are the INSS floor and ceiling? The answer is quite simple: while the floor is the minimum amount to be received, the ceiling represents the maximum amount to be paid as a benefit.

+How to get free medicines from Farmácia Popular

+ How to apply for your retirement

To receive the ceiling, it is important that the contributor has reached the equivalent contribution value throughout his/her life.

It is worth mentioning that the new retirement values also affect the ceiling, which increased by 3.4%, reaching R$ 7,786.01.

When will payment of the new amounts begin?

As we have already explained, the definition of the new values of retirement depends on the announcement of the official increase in the current national minimum wage.

Therefore, the new values are in force since January 25, 2024, so that current benefits already have an adjustment.

Not a beneficiary yet? Then you can start receiving your benefit in 2024 with a readjustment, find out how by clicking the button below.