Whole life review returns to the fore in matters of INSS policyholders

One of the themes that gained strength again this year was the lifetime review, because the retirees and pensioners of the INSS are getting closer and closer to being considered victorious in the Federal Supreme Court (STF), due to the latest events in the judgment on this matter.

Read more: The wait for INSS benefits may be shorter this year; understand

The Revisão da Vida Toda appeared in 1999, due to an INSS rule that discarded all contributions prior to July 1994, when the Real plan arrived. Speaking more directly, all INSS insured persons retired after 1999 did not have their salaries prior to 1994 calculated in order to receive benefits.

Because of this, many retirees who made their contributions with high salary amounts before 1994 ended up having discarded all the amounts that had been collected until then. This caused a loss in retirement, which could reach about 60% of the amount currently being received.

Thus, by reviewing their entire lives, retirees are able to seek a new calculation of the value of the pension in court. benefit, asking them to add the amounts that were paid before 1994, which may increase the monthly income of policyholders.

The INSS benefits that can receive lifetime review are as follows:

• Retirement by age;
• Special retirement;
• Retirement by time of contribution;
• Retirement of the person with a disability;
• By disability retirement;
• Death pension.

Quite bluntly, it is recommended that policyholders who were earning high wages before 1994 apply for a lifetime review, taking into account consideration that the largest contributions that could improve the benefits received were not used in the calculations of the current retirement.

It is also worth noting that there are other requirements that give this right to request a review, namely:

• Policyholders who had the benefit granted between 11/29/1999 to 11/12/2019;
• Policyholders who received the first benefit payment in the last 10 years and before the Pension Reform (11/13/2019).

In the same way that the benefit can be increased, it can also end up being reduced due to of the lowest amounts that were contributed prior to 1994, if the insured chooses to revision. Therefore, it is important to check whether the change is worthwhile before applying.

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