Social security factor: what it is and impacts on retirement

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The social security factor is one of the most important points for those who want to retire through the National Social Security Institute.



Used as a calculation basis , understanding it is very important to know how much the final value of a benefit will be.



However, with the Social Security Reform, some changes Germany Email List affected the social security factor . If you haven't retired yet, the time to find out is now.



Check out what the social security factor is and its main changes.



The social security factor is a mathematical calculation previously used in Brazil to determine the value of pensions based on contribution time in the General Social Security Regime (RGPS).







Created in 1999, it takes into account 3 main factors:



The worker's age at the time of retirement ;

The contribution time to the INSS;

The life expectancy of Brazilians at the time of retirement.

Before the Social Security Reform (2019), the social security factor was applied when calculating retirement based on contribution time.