The measure was proposed by Senator Otto Alencar (PSD-BA) and has been studied since last year due to the coronavirus pandemic that hit the country. But can this suspension really happen? Ask your questions below.

Since the beginning of the pandemic, the Government has been looking for alternatives and measures to deal with social and economic problems and has constantly been making some changes, including the payroll-deductible loan. One of the changes made was the expansion of the consignable margin in 2020. However, in 2021 it returned to the previous model.

understand the proposal

Bill No. 1328/2020 presented by Senator Otto Alencar intends to suspend the payment of up to four installments of the payroll-deductible benefits of INSS policyholders. These installments would be paid only at the end of the contract, without accruing interest and without the risk of going to the SPC/SERASA .

This is an advantage for people who choose to hire payroll, since, if up to four installments are left for the end of the contract, it takes four months for the beneficiary to plan a little better, especially in a time of pandemic.

This proposal would be a relief and even, in a way, a hope, as they would not be deducted from their payroll for a short period, since the pandemic completely affected the financial path of many people and this uncertainty causes apprehension.

However, for this to happen, the content of Law No. 1820, of December 17, 2003 , must be changed, which provides for the authorization to deduct installments from payroll:

"Art. 6th The holders of retirement and pension benefits of the General Social Security System may authorize the National Institute of Social Security - INSS to make the discounts referred to in art. 1st and authorize, irrevocably and irreversibly, that the financial institution in which they receive their benefits retain, for amortization purposes, amounts related to the monthly payment of loans, financing, credit cards and leasing operations granted by it, when provided for in contract, under the conditions established in the regulation, observing the rules published by the INSS.”

Progress of the proposal

During the presentation of the proposal, an example was presented: many of these retirees, pensioners and civil servants are parents. During the pandemic, several children lost jobs or had their wages reduced, turning to their parents for financial help, which further compromises their financial lives when these parents previously hired payroll.

In June 2020, the Senate approved this Bill of Law, as the main objective was to benefit retirees and pensioners, in addition to other beneficiary groups, such as public servants.

Then, the Project went to the Chamber of Deputies and, since then, there has been no progress.

Are there still chances of this measure being approved?

The chance is almost nil, unfortunately. And the word unfortunately must, in fact, be placed, as it would be a very valid Project and would greatly help the lives of countless beneficiaries who had their incomes compromised and to this day continue to suffer the consequences of this.

However, it is said that the chances are almost nil because the Project in question would only be valid until the time of public calamity, which ended on December 31, 2020.

According to some critics, the main reason for the non-approval by the Chamber is the inertia of the Deputies, as there are Projects that were approved more quickly, while this lasted for more than 6 months, unnecessarily. In addition, Congress went into recess even before deciding anything about this Bill, which made the whole process take even longer.

Since the approval in June, some Senators have even asked the Chamber to speed up the decision time, but nothing concrete has been presented.

Therefore, Brazilians should not expect this measure to be approved anytime soon. But, of course, it cannot be said that it will never be approved, even because, albeit slowly, it is still in progress in the Chamber of Deputies.

For all intents and purposes, it is another Bill that did not have the strength to get off the ground, despite the fact that many INSS policyholders are waiting for it.

So how is the payroll loan situation in 2021?

Some changes made in 2020 were made to last only for a certain period, such as the increase in the consignable margin, exemption from IOF tax on loans and other foreign exchange transactions and the blocking time for requesting a new payroll loan. However, after the period of greatest calamity, these changes had to return to the previous model. You can see the main payroll loan changes in 2021 by clicking here .

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