It discusses it with the (Brazilian Federation of Banks) to create a working group to define a methodology to be applied in the definition of the ceiling of the payroll. The formula would be used every time the basic rate changed.
The ceiling is defined at a CNPS (National Council of Social Security) meeting, a body in which the government has a majority. In the management of the former minister in Social Security, he had friction with the Civil House and the farm for damming the increase in the ceiling of the payroll while the basic rate went up. In January, after bank pressures, the rate rose from 1.64% to 1.80%. In March,.
Minister’s interlocutors (Social Security) claim that he argues that the definition is predictable and that this is based on a formula applied every time the economic scenario changes. The equation could consider Selic, the future and another index to be chosen.
There has not yet been a formal invitation to FEBRABAN, but a signs in one of the Federation meetings with the ministry. Internally, the idea of the working group is positively evaluated in the association.
In the evaluation of members of FEBRABAN, a group of credit market experts that contemplate macroeconomic foundations and product characteristics to create a ceiling methodology would be beneficial for institutions and retirees, which would have broader access to payroll.
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