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Discover the innovative online method that allows retirees to access their FGTS! See the step-by-step process to withdraw your FGTS balance online!
Every formal worker automatically has a Severance Pay Fund (FGTS) account. With this in mind, the amount that accumulates over the period of employment can be withdrawn under specific circumstances. But what if the account holder retires?
It turns out that one of the categories for withdrawing money from the guarantee fund is retirement withdrawal. So, yes, retirees have the option of withdrawing their FGTS. To do so, they can go in person to a Caixa Econômica Federal (CEF) branch or follow the steps described below.
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Read also: Recovering Forgotten Amounts at the Central Bank: a guide for heirs
How can retirees apply for their FGTS online?
Retired non-employee directors and other individuals who receive this type of social security benefit can make the Retirement Withdrawal. It is worth noting that this category is applicable to all types of retirement.
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This includes, for example, the permanent disability benefit from the National Institute of Social Security (INSS), commonly known as disability retirement. After accessing the FGTS app, available for Android and iOS, simply follow the steps below:
- On the app’s home screen, select the “My Withdrawals” option. Tap on it;
- Afterwards, choose “Retirement” and browse through all the information presented by the platform;
- After that, you will need to tap on “Request FGTS Withdrawal”;
- At this point, simply provide the details of the bank account to which you wish to receive the money to complete the transaction.
How does the amount accumulate in the account?
Read also: R$7.4 Billion in Forgotten Money. How to Claim?
The FGTS is a right of all workers bound by the Consolidation of Labor Laws (CLT), and therefore, employers must deposit 8% of their salary into the account every month. Therefore, this percentage should not be discounted from the payroll. Furthermore, with these deposits, the amount accumulates over the years of service and can be used in specific situations.
In addition to retirement withdrawals, there is also the option of using the amount for housing financing, for example. In addition, there are other types of withdrawals, such as termination withdrawals, serious illness withdrawals, calamity withdrawals, among others.
