Expansion, which had been temporarily adopted in 2020, will be resumed by the president to try to lessen the economic impacts generated by the pandemic
MATEUS BONOMI / AGIF – PHOTOGRAPHY AGENCY / ESTADÃO CONTENT -22/03/2021Law had been adopted temporarily in 2020
The federal government published last week the law that increases, until the end of the year, the margin for hiring payroll loans by retirees, pensioners, civil servants and employees of the private sector. The expansion, which had been temporarily adopted in 2020, will be resumed by the president Jair Bolsonaro to try to lessen the economic impacts generated by the pandemic. Under normal conditions, retirees and pensioners could commit up to 35% of their own monthly income to pay installments directly debited from the benefits. Now, the new rule allows up to 40% of wages to be committed, with 5% destined for credit card operations.
The president of the National Association of Professionals and Companies Promoting Credit and Correspondents in the country, Edison Costa, estimates that the measure will bring relief. “It is very important, because, in the worst case scenario, only among retirees, we will have numbers in the billion injected into the economy. Without thinking that the pandemic has caused damage of all kinds. Many people are unemployed, ”said Costa. The project also authorizes banks and other financial institutions to grant a 120-day grace period for new and old contracts, but maintains the application of interest during the period in which the insured is not paying the installments. The text also establishes that the INSS is authorized until the last day of the year to grant the sickness benefit, upon presentation of a medical certificate and complementary documents that prove the cause of the disability.
The president of Aneps, Edison Costa, warns that consumers need to be aware. “The guidance I would like to give to the consumer is that he always make sure who he is talking to, that he does not accept strange calls”, he recommends. In a note, the Brazilian Federation of Banks reported that the entity and the associated banks “understand that the measure is positive, considering the scenario of worsening of the Covid-19 pandemic.” Febraban also reinforced that the banking network “is already prepared to process the increase in the consignable margin”, but points out that, “for the operation to be carried out, it is necessary that the person responsible for the payroll also has adjusted his systems for the new ones. rules”.
* With information from reporter Leticia Santini
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