Uncategorized
INSS: Why were BPC loan contracts suspended?
The MP announced by President Lula did not bring changes related only to the Bolsa Família program, but also in relation to the INSS BPC.
Advertisement
The MP announced by President Lula on March 2, Thursday, did not bring changes related only to the Bolsa Família program, but also in relation to the BPC or INSS Continuous Payment Benefit. This is said because the Provisional Measure provides that the assigned credit linked to the benefit will be suspended.
From then on, since March 6, the INSS blocked the release of credit. With the blockade, banks and financial institutions across Brazil are prohibited from negotiating the payroll option. The INSS made the end of the operation official in a publication in the Official Gazette of the Union.
Creation of the payroll loan for BPC
The consigned credit for the BPC was instituted in March 2022. In short, BPC beneficiaries could contract and commit up to 40% of the benefit with the consigned credit, which is deducted directly from the payroll.
This novelty was part of the Income and Opportunity Program, launched by the government in an election year, seeking to secure the re-election of former president Jair Bolsonaro.
Cancellation of credit assigned to BPC
The MP, announced by the Lula government, changes code 26, a law published in 2003, which had been changed by the Bolsonaro government's MP, which was approved in congress.
From this point onwards, the law returns to apply as it was before: only INSS retirees or pensioners are entitled to the credit.
In the ordinance published by the INSS, it is described that financial institutions are “prohibited from executing new endorsements or commands that contemplate the operationalizations” of monthly payment of loans, financing, credit cards and leasing operations.
Why was the INSS BPC loan cancelled?
The measure was well received by experts, who criticized the release at the time. In fact, there was an intervention by the Public Defender's Office and bodies that protect citizens' rights.
According to Social Security specialist and Folha columnist, lawyer Rômulo Saraiva, the cancellation was correct. According to him:
“It doesn't make sense for beneficiaries of federal income transfer programs, people who somehow failed to plan for financial autonomy, to have the government's approval to acquire loans with degrading interest rates.“.
Furthermore, Saraiva argues that “The measure ensures that federal funds are better applied, avoiding the over-indebtedness of families in situations of social vulnerability“.
Finally, the president of Ieprev, Roberto de Carvalho Santos, states that the cancellation protects the income of the most vulnerable. He justifies: “The allegations are that this was causing more harm than good. Furthermore, on a daily basis, we observed that these people were quite harassed by banks and financial institutions.“.
More news on the portal: ☕ CoffeePost:
About the author / Tiago Menger
Trending Topics
Best tools to create video with artificial intelligence
Discover the best editors for creating videos with artificial intelligence and make your productions even more creative.
Continue lendoIncome Tax 2023: Find out if you will receive it in the first batch
With the deadline for submitting the Income Tax declaration coming to an end, several Brazilians are looking for documents to send to the Federal Revenue Service.
Continue lendoFGTS: Will the Government release extraordinary withdrawals in 2023? See the decision
Thousands of workers benefited from rounds of the FGTS extraordinary withdrawal. See the Government's decision on the modality.
Continue lendoYou may also like
INSS: Retirees are entitled to a new benefit
Will INSS retirees have a new benefit? The Bill, which provides for exemption from proof of illness, being exempt from (IR).
Continue lendoPIS/PASEP 2023: Allowance has already been paid for 3 groups; See who the next recipients are
The PIS/PASEP bonus, a benefit paid annually to a large proportion of Brazilian workers, began payments in 2023 from February 15th.
Continue lendoWindows announces end of Cortana assistant to make way for ChatGPT
Microsoft will end support for Cortana on Windows 10 and 11 by the end of 2023. The company is expected to introduce a new assistant. Look.
Continue lendo