Known only by the acronym FGTS, the Severance Indemnity Fund allows CLT workers to withdraw the amount directly reserved for the fund. For those who don't know, the amount deposited in the FGTS corresponds to 8% of the remuneration received monthly.
Read more: Step by step to consult the FGTS through the mobile application.
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This amount must be deposited by the 7th of the month following its competence in an account at Caixa Econômica Federal. Therefore, if you are a CLT worker, your employer is obliged to open an account in your name, where deposits must be made.
There are some specific criteria and occasions for withdrawing the FGTS, the main one being dismissal without just cause. In addition, the termination of fixed-term contracts, as in the case of young apprentices, also makes withdrawals possible. External causes such as extinction of the company, suspension of part-time work, inactive account for three years and purchase of a home, may also justify the withdrawal of amounts.
It is worth mentioning that the legislation also allows the worker to access this money in cases of emergency need. That is, health issues such as cancer or HIV, emergencies in general and urgent situations in the family are just causes for withdrawals.
It is also possible to withdraw the FGTS upon retirement and age over 70 or the death of the worker. In the latter case, the family can file a withdrawal request from the deceased worker.
Finally, there is the possibility of a birthday withdrawal, which offers the option of withdrawing a portion of the FGTS in the worker's birthday month. However, it is worth mentioning that those who opt for this modality will not be able to request a withdrawal upon dismissal without just cause.
In the same way that your employer/company provides you with the FGTS account, the employer must also provide the access password. Therefore, having the password in hand and the Caixa Citizen Card, you will be able to withdraw the amounts at any Caixa service unit. This also includes the Lottery Houses, as well as the institution's self-service terminals.
We hope that your doubts have been clarified. And if so, don't forget to share this article with more people who may have these questions.
