Since November, the monthly and recurring block operated by the National Social Security Institute (INSS) to take out payday loans – with direct deduction from the payroll – in terms of retirement and pensions is valid for all insured persons. The action responds to the recommendation of judgment 1.115/2024 of the Federal Court of Auditors (TCU) and aims to provide protection to beneficiaries.
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From now on, the blockage is applied to all social benefits and renewed every month. The release of contracts only occurs after unlocking by the insured via the Meu INSS application or website, with biometrics (completely required since May by the institute).
The subscription to this loan was already automatically blocked for new policyholders for 90 days after the benefit was granted, and could only take place during this period by “unblocking” by the beneficiary themselves via the application or the website.
According to a note published by the institute, the measure is part of “a series of other actions adopted by the INSS to increase control over the granting of payday loans, giving priority to the protection of policyholders and transparency in partnerships with financial institutions.”
Law 14.601 of June 19, 2023 determines that the total optional contributions will not exceed 45% of the value of the benefit, distributed as follows: 35% will be allocated exclusively to loans, 5% will be allocated exclusively to the amortization of expenses incurred via a credit card and an additional 5% will be allocated to expenses incurred via a designated benefit card.
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Also in August, during a public hearing in the Chamber of Deputies, representatives of credit promotion companies criticized the rules adopted by the INSS. The president of the Union of Credit Promoting Companies of Santa Catarina, Sérgio Cemin, affirmed that the number of contracts decreased by 82% between January and June of this year.
In addition to the determination of the TCU, this change also occurs as part of the investigation into unauthorized deductions from the INSS made by associations and unions directly from the payroll. According to the investigation, the entities billed retirees and retirees R$6.3 billion between 2019 and 2024.
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