Haddad Estimates R$2 Billion Reimbursement for INSS Deduction Fraud

Brazil Faces R$2 Billion Reimbursement for INSS Pension Deductions Brazil's Finance Minister, Fernando Haddad, recently estimated that the government will need to reimburse up to R$2 billion to retirees and pensioners of the Instituto Nacional do Seguro Social (INSS) due to undue deductions. This figure represents about 33.9% of the total R$5.9 billion in associative deductions made since 2020, whether justified or not. According to the Advocacia-Geral da União (AGU), the number of reimbursement requests already surpasses R$1 billion. "Pelo número de reclamantes, fizemos umas ponderações e chegamos a uma conta," Haddad stated, highlighting the complexity of calculating the final amount. The government is awaiting final calculations before determining the precise cost of the reimbursement. This situation underscores the ongoing challenges faced by the INSS and the government in ensuring fair and accurate payments to pensioners. The situation highlights the need for improved oversight and transparency in INSS deductions. The government's commitment to resolving this issue demonstrates their dedication to the well-being of retirees and pensioners.