At Work in Rio de Janeiro


Pension plans in Rio de Janeiro


Home > Expat Guides > South America > Brazil > Rio de Janeiro
Tools:


Retirement Age

Normal retirement age is 65 for men and women after working 45 years. In addition to the professional activity, the career can be made up of periods such as military service, training, etc. The possibility to retire at 60 is possible, if you have worked for at least 35 years. For each anticipated year, the pension is lower by 5 percent.

The full state retirement pension is 70 percent of average final covered earnings up to the contribution ceiling, plus 1 percent for each year of contributions up to a maximum of 100 percent. All employees are covered for medical care. Typical benefits include a defined contribution pension plan to provide a pension from age 60, a lump sum death and disability benefit of 24 to 36 months earnings, private medical insurance (usually paid for by the employer) and dental insurance (usually paid for by employees).

Taxes

Employer contributions to private pension plans are tax deductible up to 20 percent of payroll. Employee contributions to state and private plans are tax deductible up to 12 percent of income. Retirement pensions are taxed as income, on a progressive or regressive basis as selected by the employee. Severance payments are tax free.

Update 29/05/2010


Tools:

Facebook Twitter Google+ LinkedIn Pinterest Addthis

Recommended Service Partners

International Movers

When you move internationally you are taking a big step. Lots of things are changing and you have a million things to think about and take care of. If you are able to select a top of the line moving company that moves for a modest price, it can take a big weight of your shoulders in busy times.

Our network of international removal companies can move your furniture & possessions to Brazil and anywhere overseas.

Filling in the form at the bottom will allow you to request up to 5 quotes from various moving companies. This service is free of charge and will help you select an international moving company that suits your needs and budget.



Do you have comments or personal information to communicate about this article? Add your comment.


Go to the Forum to talk more about pension plans in Rio de Janeiro, at work.


Find more definitions and general answers on expatriation issues in the Expat FAQ (Frequently Asked Questions).