When it comes to retirement, many Brazilians have decided to invest in Social Security. From it, it is possible to make a monthly contribution that allows the person to retire when they reach the right age.

However, this government program ends up generating many doubts in people due to the lack of access to information about it.

Because of this, few people know how the program works and whether or not they need to contribute. Also, not everyone knows that the program offers more benefits beyond retirement.

If you have questions about how social security works, check out this post for the main answers about it to understand it better!

Social security is basically an insurance that guarantees the user a monthly income when he is unable to work. 

Whether due to an accident at work, the birth of a child or even retirement age. If the situation prevents the person from working and is guaranteed by social security, the beneficiary can guarantee their support during this period.

The benefits that Social Security can offer to the user are many. Throughout the text, you will be able to check a list of all of them.

Many people end up confusing INSS with Social Security. But, it is important to remember that the two programs are different, but they work together.

As we have already seen, social security is a social insurance that gives access to various benefits. The INSS, on the other hand, is an agency of the Ministry of Economy that is responsible for managing and making the payment of social security benefits.

Therefore, the two work together, where one offers the benefits and the other manages them and makes payments to taxpayers.

To be entitled to social security, there is a classification created by the program to facilitate its understanding. Therefore, the persons who are entitled to the program are those who are:

Remembering that to be entitled to Social Security and its benefits, it is necessary, in addition to being enrolled in the program, to contribute monthly to it.

This is a question that raises many doubts in people. Those who work with a formal contract, for example, know that Social Security payments come from their employer. But what about the other classifications?

Each category listed above has a person responsible for payment. This person can be the company, a union or even the taxpayer. Below you can learn more about this relationship.

To find out if you are entitled to Social Security and its benefits, you must analyze your situation and check if you fit into any of the categories insured by Social Security.

In addition, to be entitled to the benefit, you must be registered with the INSS and pay monthly contributions.

Contribution amounts may be different for each category of pension plan beneficiaries.

For those who belong to the categories of employees, domestic servants and independent workers, the contribution amount can be 7.9%, 8.5%, 9% or 11%. Each amount is applied under a different salary range that these people receive per month.

Individual taxpayers, on the other hand, are separated into two categories to define the value of the pension. Those who are self-employed must contribute 20% of their income. And those providing services to companies contribute 11%.

In addition to Social Security, there is also a private pension. It is a retirement that has no connection with the INSS. From it, the taxpayer himself can define the monthly contribution amounts and withdraw this amount from his income to help with his retirement.

Private pension offers more autonomy to the taxpayer. Because of this, it is best used by those who have good control of their personal finances. Only then is it possible to accumulate enough money to retire.

And, unlike Social Security, those who use private security do not have access to the same benefits. In private, the person can retire and have some discounts on their income tax.

To know which of the two is more worthwhile, you need to reflect on what you would like to receive and how you could retire.

The main benefit offered by social security is retirement. But in addition to it, the program also manages to pay some aid, pensions and salaries to its taxpayers.

Next, you will learn more about the types of Social Security that exist and who can access them.

Social security has a total of four types of pensions. Each of them works in different ways and were made for specific groups to have the right to retire. They are retirement by:

In the aid category, there are insurances that beneficiaries are entitled to in case they contract an illness or suffer an accident that does not allow them to work for a period. This category includes aid for:

The category of salaries, on the other hand, is where Social Security can guarantee the maintenance of a taxpayer for a period of time. In this category, there are two types of salaries, namely:

Finally, there is this benefit that Social Security has. From it, the taxpayer's family receives a pension to maintain their livelihood after the taxpayer has died.

When having this benefit, the family member who will have access to it is, in order:

Remembering that to be able to have them, it is necessary to pay a monthly contribution that guarantees access to it in the future.

Would you like to know more about Social Security? So, follow us and learn about another program that the Federal Government can offer you below!