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FGTS Board determines 100% distribution of 2018 result, totaling R $ 12.2 billion

Serve right

Result will be fully passed on to the quota holders; The Fund's accounts were also approved.

The distribution of 100% of the positive result of the Working Time Guarantee Fund (FGTS), proposed by Provisional Measure 889/2019 , published on July 24, was ratified by the FGTS Board of Trustees at a meeting held on Monday ( 8/19). The MP increased the fund's profitability, determining the distribution of 100% of profit to the shareholder. By Law No. 8,036 , the income from accounts is 3% plus the Referential Rate, which made income below inflation and other investments, such as savings, for example. 

In 2018, FGTS income reached R $ 12.2 billion, which will be fully distributed to the quota holders. In 2017, a change in the law had made it possible to distribute 50% of the results. With the new change, 100% of the results will be paid into the accounts of workers with a linked account.

According to the chairman, Igor Vilas Boas, the changes proposed by the MP facilitate access to FGTS withdrawals by the worker, increase the income of the accounts and maintain funds from the Fund to invest in social policies such as housing, sanitation and urban infrastructure. 

“Distributing 100% of FGTS income to the worker increases shareholder earnings, making FGTS profitability better than most investments. The MP, in addition to increasing the income and its full distribution to the accounts, created new ways of access to the resource, such as the immediate withdrawal of R $ 500.00 and the possibility of withdrawing part of the balance of the linked account each year. employee's birthday, ”said Villas Boas.

Accountability 

At the meeting, the board members also approved the FGTS and FI-FGTS Investment Fund Management Report for the year 2018, whose positive result of R $ 12.2 billion will be distributed to shareholders by August 31. Data will be available from the publication of the resolution in the Federal Official Gazette on the FGTS website ( www.fgts.gov.br ).

A working group, attended by three representatives of the FGTS and three of the FI-FGTS Investment Committee, was set up at the meeting to monitor and propose changes in the fund's applications, including the implementation of the recommendations of the control bodies, together with the Permanent Support Group (GAP), formed by technical consultants linked to the 12 entities that make up the collegiate.