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FGTS profit will be distributed to 106.7 million workers

A contribution of R$ 13.2 billion will be distributed to workers in accounts linked to the Severance Indemnity Fund (FGTS).

The FGTS board decided in an extraordinary meeting to allocate 99% of the profits earned in the base year of 2021. Currently, there are 106.7 million associated employee accounts and a total of 207.8 million account balances due to each worker's account rollover.

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As a way to increase the profitability of the linked accounts, the financing is the result of R$ 39.3 billion in revenues and BRL 26 billion in expenses since 2017 in the government of Michel Temer, according to Caixa Econômica Federal.

Who receives the FGTS profit?

Workers with a balance in their FGTS linked accounts by December 31, 2021 will be entitled to the benefit. Both accounts – active (receiving deposits from current jobs) and inactive accounts (related to past jobs) – are valid.

Based on income set at 0.02748761, beneficiaries will receive an average of R$ 2.75 for every R$ 100.00. In this way, in a practical way, the more balance there is in the account linked to the FGTS, the more money the worker will receive.

When will payments be made?

First, it is important to know that the distribution of the profits from this FGTS to workers is determined by the legislation that is carried out until August 31 of this year (2022).

However, at Friday's meeting, the board also approved the transfer of funds to designated accounts, earlier than required by law. The payment deadline will be calculated from the publication of the decision in the Federal Official Gazette (DOU).

When will it be possible to withdraw the FGTS profit?

FGTS profits cannot be withdrawn immediately after release. The worker will only be able to use the money if he meets one of the conditions for withdrawing the FGTS from the Law 8,036/90, such as dismissal without just cause, serious illness, retirement, home purchase own, etc.

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