Efeito de mudanças na mortalidade no custo de pensões : análise considerando a Covid-19

Abstract

Pension for death is a social security benefit granted to the dependents of the insured. It has been affected by several social and governmental contexts since its creation, suffering alterations in its eligibility criteria and in the calculation of the benefit resulting from social security reforms that aim to reduce financial expenses due to high requests for approval of the benefit over the years. Directly linked to mortality, the COVID-19 pandemic was one more impact that the death pension suffered, since there have been more than 600,000 deaths by COVID since its arrival in Brazil. Therefore, this paper aims to analyze the impact of changes in mortality on pension cost using COVID-19 as an example for the high mortality scenario. For this purpose, the average burden of dependents was calculated considering only the spouse as beneficiary through the Heritor function and the life annuity that is reverted to the dependents through the cx function, comparing the result of these functions in the years 2019 and 2021, in which it was verified, in the scenarios analyzed, that the cost of pensions changes according to the age and sex of the insured.