The government is preparing a new rule for Christmas withdrawals; See any – Money Times

The federal government already has a new form for the annual withdrawal from the Service Time Guarantee Fund (FGTS). A figure that would generate a R$14 billion impact on the economy.

According to what was published in the newspaper the worldMinister of Labour, Louise Marinoreferred to Civil House The project allows workers laid off from 2020, who joined the Christmas draw, to withdraw the remaining balance from the FGTS account.

In this way, the amount will be withdrawn retrospectively, as the worker is not able to withdraw FGTS for two years based on the rules set for this method.

On the other hand, Dr. suggested Ministry of Labor It states that a worker who has joined the Christmas draw and is now redeeming full resources is not entitled to this method.

This is because since recovery expectations are retroactive, anyone who joined this scheme and was laid off after 2020 will be able to recover the remaining funds in the account.

The Christmas draw, which allows a small portion of the balance to be withdrawn in a specific month of the year, was established in 2019, in the first year of the government. Jair Bolsonaro.

At the time this method was created, the 24-month (or two-year) grace period was a kind of lock in place by the federal government to avoid a large volume of resource withdrawals, which could hurt the FGTS’s cash flow.

FGTS withdrawal methods

If the worker wants to withdraw the guarantee fund, there are currently two withdrawal methods. The first is called “cancel withdrawal”.

It is known that this format is available when a worker who has a formal contract is fired. Hence, he can access the full balance available in the FGTS account.

In other words, when committing to a Christmas raffle, he is prohibited from committing to a raffle. However, in the event of unfair dismissal during this period, the worker receives a fine of only 40% of the FGTS balance.

There is also a type of loan called a Christmas Draw Advance. The worker has access when banks lend resources and receive the worker’s FGTS premiums directly.

The changes made, according to Minister Marinho, come at the request of workers who have been laid off and wish to withdraw the rest of their FGTS balance. However, they cannot.