The FGTS (Fundo de Garantia do Tempo de Employee) emergency recall was created in 2020 to benefit workers subject to statutory labor law, in an effort to limit the impact of Covid 19 on the economy.
Only those who have a balance in active (current positions) or inactive (previous positions) accounts in the FGTS are entitled to withdraw. In 2020 alone, 60 million Brazilians benefited from the benefits. R$37 billion was pumped into the economy last year.
Workers are currently wondering if there will be another round of emergency withdrawals in 2021.
2021 FGTS Emergency Draw
There is an opportunity for emergency raffles to be issued this year as well. However, there is no movement on the part of the government for this to happen.
In 2021, emergency assistance, BEm (Emergency Work and Income Maintenance Allowance), was released before the thirteenth salary from INSS, leaving the emergency withdrawal from the FGTS without evidence.
The government’s fear of releasing the emergency withdrawal from the FGTS is tied to the commitment to the sustainability of the fund. This is because, according to the legislation, the government can use the fund balance to pay for works in many sectors, such as housing, sanitation and others.
A new version of the emergency withdrawal from the FGTS could endanger the “life” of the severance pay fund, both for workers and for the government. It is likely that the government will not adopt the measure for the coming months.
That is why it is good for the worker not to get too excited, thinking that there will be a new round of emergency withdrawal from the FGTS. And just pay attention to the government’s move on the measure.
Editing by Jorge Roberto Rigt – Journalist Contable