Retirements: the 10 key points to know to access the moratorium

ANSeS has already started granting shifts by the end of this month and the beginning of May to access the moratorium.

Aimed at people who have reached retirement age. (60 years for women, 65 for men), who do not have or will not have 30 years of contributions to start the pension process in the next 2 years.

In those cases, are authorized to regularize the missing periods up to the month of December 2008 (including) through the application of an installment payment method which will be deducted directly from the pension credit they obtain. The number of installments can go up to 120.

The installments to be disbursed for the monthly installments to be regularized are calculated according to the so-called “Pension Debt Payment Unit”, the values ​​of which are equal to 29% of the minimum taxable base of wages in force on the date of the request for the pension benefit. Today, it’s $5,729.97 a month. For example, one or more installments may be paid per month, depending on the payment plan chosen.

But that fee to pay, yesIt will only be used to access retirement. It will not affect the credit, which will be calculated on the basis of the contributions actually paid without a moratorium.

In other words, those who retire with the moratorium will have a “discount” on their pension because you will only receive the years paid and you will also have a credit discount on the fee during the months or years that the moratorium lasts.

It is estimated that in most cases, would accept the minimum credit, today $58,665 gross or a little more, minus the moratorium fee.

For example, a worker with an average salary of $200,000 and 15 years of contributions, who can regularize another 15 years through the moratorium, will have an initial credit of $71,837 (35.9% of the updated average salary). The value of the monthly fee (which is updated quarterly for mobility), assuming a payment plan of 90 installments, will be $11,459. Assuming a 120 installment payment plan, that would come to $8,595. AS, the credit of $71,837, fee less (Plan 90) would be $60,378 and in the 120-rate plan it would be $63,242.

All the requirements to access the ANSeS moratorium

The remaining requirements are:

• To enter the Retirement Debt Payment Plan, Applicants may not purchase foreign currency through the foreign exchange market for a period of 12 months, commencing on the date of application.

• Based on a set of parameters (revenue, assets, debit and credit card expenses), ANSeS will evaluate the socio-economic situation of the applicant before granting the benefit. If you meet these parameters, you can cancel the debt for the moratorium years in up to 120 installments, deductible from the pension credit.

• The amount of the fee cannot exceed 30% of the amount minimum ($58,665.43), or $17,600.

• If it exceeds these parametersyou can only access the moratorium if you cancel the debt “in one lump sumwhich will not be deductible from the pension credit”.

• Each month of the moratorium is $5,729.97. Therefore, who regularizes 10 years, the cost is $687,596 (120 months x 5,729.97). And 20 years would add 1,375,193 (240 months x $5,729.97). These values ​​equate to almost a year or 2 years of minimum earnings (today $58,665 gross).

• Anyone who has a pension debt as a self-employed or single-tax payer can enter the moratorium, subject to the remission of that debt. Then they would report the months not worked and the months worked and unpaid because that debt would be forgiven. The amount of the moratorium installment may be less than the pension debt.

• A widowed pensioner, receiving only the minimum amount, if they are already 60 years of age or older or are about to turn 60 for women or 65 or older for menyou will be able to retire through the new moratorium. In that case, you would continue to collect your pension plus retirement minus the moratorium fee for up to 30, 60 or 120 months, depending on your plan.

• For example, a 66-year-old pensioner who receives the minimum pension on the death of her spouse, and has 5 years of effective contributions and 2 children, could regularize 20 years by moratorium. He would withdraw with the minimum amount and they would deduct $11,460 (adjustable for mobility) for 120 months.

• Anyone who receives a pension exceeding the minimum amount can also retire by paying the moratorium in cash.

• Those who receive the Universal Pension for the Elderly (PUAM) –more than 250,000 people– they can improve the amount of their assets and other conditions of the pension benefit if they replace it with a pension that accesses the moratorium.

NS