Minister announces changes for 2024 FGTS withdrawal anniversary

Did you hear? Labor Minister Luiz Marineau made an announcement that had major repercussions. He announced a project to change the rules FGTS birthday withdrawal In 2024 it is in planning and will be presented to Congress in early 2024. Until the proposal is approved, everything remains as is. The worker still has the right to withdraw part of the security fund every year, in the month of his birth.

This new proposal has the potential to directly impact workers’ pockets. This is because, if approved, it would allow the total remaining FGTS balance to be returned to the worker in the event of unfair dismissal. Marinho stressed the importance of the FGTS Fund as a guarantee fund and reaffirmed the government’s commitment to guaranteeing the right to fully withdraw from the fund in cases of dismissal. But he left the door open as to how this change would occur.

What will change on the anniversary of the FGTS withdrawal in 2024?

The rules currently allow full withdrawal of the fund in cases of dismissal only in the amount corresponding to the termination penalty. Marineo’s proposal goes further, as it allows workers to withdraw from the Christmas withdrawal at any time, and they can also withdraw the remaining balance in the event of dismissal, without having to wait for two years as required until now. This change is likely to significantly boost the economy, with an injection of up to R$14 billion.

Anticipating your birthday withdrawal?

Since 2020, some financial institutions have offered loans with a “Christmas advance draw”. This allows people to put up the amounts they will receive over the next five years as security for the loan payment. Taking the new proposal into account, the worker will be able to recover the full balance in the event of dismissal, but only the difference between the amount that must be paid to the bank and the amount deposited in the FGTS.

The value of the annual withdrawal is determined in this way by applying a percentage ranging from 5% to 50% to all balances in the worker’s FGTS accounts, in addition to an additional premium. These changes are still under discussion and we will keep you updated as soon as we have more details. After all, it is important that we all know our rights and how they may be affected by legislative changes. Follow along to stay up to date with everything!