THE Severance Pay Guarantee Fund (FGTS) is a right guaranteed to Brazilian workers, and its rules and withdrawal possibilities are periodically reviewed and updated.
In 2024, some changes were implemented, offering new options and conditions for accessing FGTS resources. Let's explore the main changes and the options available to workers.
New Rules for Withdrawing FGTS
One of the main changes is the introduction of the Anniversary Withdrawal, which allows workers to withdraw part of their FGTS balance annually, in the month of their birthday. This option is optional and requires prior agreement by the worker.
Furthermore, with the Anniversary Withdrawal, the worker will be able to withdraw part of the FGTS balance, with a limit defined by the total accumulated in his/her account. The higher the balance, the higher the withdrawal limit.
In addition to the Anniversary Withdrawal, workers are entitled to the Termination Withdrawal, allowing the withdrawal of the total FGTS balance in various situations provided for by law.
Options Available to Workers
Workers interested in the Anniversary Withdrawal must opt via the app or website. Federal Savings Bank.
Therefore, after joining, the worker will be able to make the withdrawal in the month of his/her birthday, according to the calendar established by the government.
However, those who do not choose the Anniversary Withdrawal will continue with the Termination Withdrawal, with the right to the full balance of the Service Time Guarantee Fund in specific situations provided for by law.
However, before making a decision, it is important for the worker to evaluate their financial conditions and their short and long-term needs.
Anniversary Withdrawal: additional annual resource, but limits access to FGTS in emergencies.
FGTS in 2024: More Flexibility and Choices for Brazilian Workers
The new rules for withdrawing from the Severance Pay Guarantee Fund in 2024 offer flexibility and greater access to resources for Brazilian workers.
Whether opting for the Anniversary Withdrawal or remaining in the Termination Withdrawal, it is important that each worker evaluates their financial needs and makes an informed decision regarding their FGTS.
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