What is the relationship between the PIS/Pasep allowance and the new minimum wage?

NS lowest wages It is the basis for the payment of all federal government benefits, and with inflation rising, the expected minimum wage for 2022 is R$1,200.00, which will directly affect the benefits paid by the government, such as PIS / Pasep . subscription.

It should be noted that in 2021 the allowance was not paid. This year, the value for the base year 2020 was supposed to have been shifted, but it was pushed back to February 2022. This way, the value should follow the new minimum wage.

New Minimum Wage Should Affect PIS / Pasep

The Ministry of Economy has already released its third inflation forecast for the end of this year. Initially with 6.9%, the new forecast comes to 9.1%.

In doing so, the increase in the minimum wage for 2022 will be the largest in the past six years. With inflation, the minimum wage should reach R$1,200.10.

However, the increase in the minimum wage will continue without real profit. This occurs when the national floor adjustment is higher than inflation, allowing for greater purchasing power for the factor.

PIS / Pasep 2022 Season Pass: New Value

The benefit is paid annually to those who have worked with an official contract, for at least 30 days in the base year. The PIS/Pasep allowance cap is equivalent to the minimum wage for those who have worked on an official contract for 12 months.

If the inflation adjustment is met and remains at 9.1%, the minimum wage will increase from R$1,100.00 to R$1,200.10 and the amounts paid by PIS/Pasep will be as follows:

• Work for a month: R$100.10;
• Work for two months: R$200.20;
• Three-month employment: R$300.40;
• Work for four months: R$400.50;
• Work for five months: R$500.50;
• Work for six months: R$600.60;
• Work for seven months: R$700.70;
• Employment for eight months: R$800.80;
• Work for nine months: R$ 900.90;
• Work for ten months: R$ 1,001.00;
• Work for eleven months: R$ 1,101.10;
• Employment for twelve months: 1,201.20 R$.

It is important to stress that these PIS/Pasep allowance amounts are only an estimate for 2022, as inflation will only close out at the end of 2021.