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People over the age of 60 can withdraw the FGTS every month;  Learn |  Economie

People over the age of 60 can withdraw the FGTS every month; Learn | Economie

Guito Moreto / O Globo Agency

Federal Savings Bank

Employees who have reached the age of sixty are entitled to withdraw the balance from the Employment Compensation Fund account ( FGTS
). This establishes a draft (PL 5.518 / 2019) scheduled to be voted on by the Committee on Social Affairs (CAS), at the meeting scheduled for Wednesday (4), at 9:30 am.

From Senator Rose de Freitas (Podemos-ES), the text amends the FGTS legislation (Act 8.036, of 1990) to introduce the hypothesis “when a worker is 60 or older” in the portion that lists account movement probabilities. Today, the law defines cases such as dismissal without just cause, termination of an employment contract, or retirement Social security
, Three continuous years outside the FGTS system, birthday Withdrawal or withdraw at any time with a balance less than R$80.

Rose de Freitas recalls that the current law states that a worker will be able to withdraw money from their account at the age of 70. It maintains, however, that the Elderly Act (Act 10741 of 2003) provides this requirement for all individuals over the age of 60. The change in the FGTS rules is, according to the author, an attempt to align the “purpose of the item with policies aimed at the elderly population”.

The author also asserts that ownership of the FGTS is exclusive to the worker. According to Rose, the entry of citizens into the elderly requires additional resources for a new reality of care that public authorities, unfortunately, cannot meet. Thus, the senator adds, it is up to the worker to make up for this absence with his own resources. Nothing is better than letting a worker use the FGTS to his advantage, Rose argues.

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The rapporteur, Senator Messias de Jesus (Republican-RR), supports the order. According to him, this is a “deserved and just change.” Mecias adds that the change will have very little effect on the background, because “movement by age limit is probably one of the smallest.” If approved by CAS, the project will be sent to the Commission for Economic Affairs (CAE) for analysis, where it will be processed in the manner of termination.


At the same hearing, the Court of Arbitration for Sport will vote on a series of requests for public hearings. The head of government, Senator Fernando Bezerra Coelho (MDB-PE), wants to discuss PL 5.518 / 2019 opposing government projects to the FGTS. He recalls that, two weeks ago, the Senate approved the temporary measure that expanded the possibilities for withdrawal from the FGTS account (MP 889/2019).


Also on the committee’s agenda are the project regulating the practice of Braille transcription and proofreading professions (PLS 50/2017) and the project establishing the Brazilian Handicraft Certificate Program (PLS 256/2015). Another project to be voted on is the one that establishes the daily gymnastics practice of civil servants, permanent or commissioned employees, and external trainees under the powers of the Federation, States, Federal District and Municipalities (PL 3.273 / 2019).