Workers with a formal contract can have a significant increase in FGTS withdrawalsin accordance with a historical proposal from the Federal governmentgenerating prominence in the discussion about the Service Time Guarantee Fund.
The new legislation proposes the release of 100% of balance retained in FGTS, bringing potential significant changes to workers and the economy as a whole. About 7.2 million of unemployed people in Brazil may benefit from changes in the Guarantee Fundaccording to estimates from the Ministry of Labor and Employment (MTE).
O minister Luiz MarinehO highlighted that the discussion about the possible extinction of the FGTS birthday withdrawal is ongoing, adding a layer of debate to the issue. The current limitation that prevents the total withdrawal of amounts from the Guarantee Fund for two years, even in cases of dismissal, is cited as a justification for the proposed changes.
The birthday withdrawal model, allowing withdrawals for non-essential expenses such as travel or events, raises concerns about its long-term economic impact. A proposed new legislation could eliminate this modality, allowing workers immediate access to the amounts retained in the FGTS for a more agile financial recovery.
About 7.2 million of unemployed Brazilians face the impossibility of accessing government resources FGTS. With the proposed change, these workers would have access to approximately R$22 billion retained, representing a historic transformation.
The minister highlights the crucial role of FGTS as a reserve to protect workers in times of need, reinforcing its importance in purchasing housing.
In this link I teach you step by step how to withdraw the FGTS retained balance. Below, you can check the consultation steps to find out about the existence of these values.
How to find out the FGTS retained balance?
To find out if you have FGTS withheldthe easiest way is through Caixa FGTS application. Check out the step by step below:
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Download the FGTS app for free on Google Play or Apple Store;
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On the home screen, click on “Enter the Application”;
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If this is your first access, click on “Register”;
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Fill in your information and access the application;
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After access, click on the “See all your accounts” option;
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There, you can check the details of one or more FGTS accounts in your history.
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The consultation can also be done in person, at Caixa branches or at self-service points, using your citizen card. If you are a Caixa customer, you can check your situation through internet banking.
Who can withdraw the retained FGTS balance?
O FGTS withheld will be available when one of the following situations applies:
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Dismissal without just cause;
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Birthday withdrawal;
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Termination of a fixed-term employment contract;
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Termination of contract due to mutual fault or force majeure;
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Termination of contract due to total extinction or closure of the company, cut of part of its activities, death of the individual employer or declaration of invalidity of the contract;
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Termination of contract between employer and employee by mutual agreement;
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Suspension from casual work for a period equal to or greater than 90 days;
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When no deposits are made to the account for three uninterrupted years;
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When the worker has been outside the FGTS regime for three uninterrupted years;
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Retirement;
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Advanced age (equal to or greater than 70 years old);
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Death of the worker;
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If the worker or his/her dependent is a carrier of the HIV virus or is affected by cancer or another serious illness in the terminal stage;
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If a worker with a disability needs to acquire a prosthesis or orthosis to promote accessibility and social inclusion;
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Personal, urgent and serious need, if the worker lives in an area affected by a natural disaster, in an emergency situation or in a state of public calamity;
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Acquisition or construction of property;
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Amortization, settlement of outstanding balance and payment of part of the installments relating to housing financing.
