FGTS

Measure taken by the Trustee Council of the Working Time Guarantee Fund is valid only for companies that did not deposit duty amount until December 31

The Board of Trustees of the Fund for the Guarantee of the Time of Service (FGTS) approved a resolution on Tuesday (12), which allows companies liable to pay the appeal against their claims against the fund. The decision will benefit eight million workers who left these companies, but have not had their right deposited.

The objectives of the new measure are to ensure that these workers receive the amounts owed and to allow companies in debt and financial difficulties to recover the  resources that should be in the FGTS account. .

"Our economy is recovering and jobs are growing again. But we still have a difficult time and we need to be sensitive to that. At the same time, we need to be responsible with the resources of the Guarantee Fund, "said Labor Minister Ronaldo Nogueira.

In the Curatorial Board's assessment, many debtor companies did not deposit FGTS amounts due to financial difficulties and, at the time of termination, could not pay what they owed. Now, the expectation is that the installment payment allows the amounts to be paid.

To avoid companies failing to pay the FGTS to benefit from the installment, which can be done up to 12 times, the rule applies only to the employer who has debts in the fund until December 31.

According to Caixa Econômica Federal, currently just over 421 thousand private companies and 4.8 thousand public companies fit into this situation. The amount of termination debts amounts to R $ 2.6 billion.

Source: Government of Brazil, with information from the Ministry of Labor