The Severance Pay Guarantee Fund (FGTS) is about to undergo significant transformations, with changes expected to come into effect in 2024. The Ministry of Labor, under the leadership of Minister Luiz Marinho, announced that these changes will go into effect in 2024. National Congress next year.
The FGTS, known for being a vital resource for workers dismissed without just cause, is about to become even more flexible and beneficial for Brazilian workers.
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FGTS releases withdrawals for workers
Currently, the anniversary withdrawal allows workers to access a portion of the balance in their FGTS accounts during the month of their birthday. However, in the event of dismissal, the worker can only withdraw the severance pay, not the full balance.
The proposed changes aim to correct this limitation, allowing the withdrawal of the total balance in the event of dismissal, in addition to the termination fine. This review is seen as a measure of fairness for workers, offering greater access to their own resources.
Details of proposed changes
There are still no details on the specifics of the proposed changes. However, it is known that the main change concerns the possibility of workers withdrawing the full balance of their FGTS accounts, in addition to the termination fine, in the event of dismissal.
Therefore, this represents a significant change in relation to the current rule, which limits the withdrawal to the amount of the termination fine for those who opt for the anniversary withdrawal.
Impact on workers
These changes to the FGTS have the potential to positively impact millions of Brazilian workers. By providing greater flexibility and access to FGTS resources, workers will have greater financial security during times of employment transition.
Furthermore, the measure may encourage more people to opt for the anniversary withdrawal option, knowing that they will have access to the full balance if necessary.
Image: Marcelo Camargo/Agência Brasil
