On January 24, during an interview with GloboNews, Luiz Marinho, Minister of Labor, announced the suspension of the FGTS birthday withdrawal modality. In short, the suspension had already been announced by the head of the house on a few occasions. Based on this, the FGTS Board of Trustees should organize a meeting on March 21st to discuss the matter.

What led the minister to announce the end of the anniversary withdrawal modality is the problem of the hole that he claims is happening in the Fund's coffers. In addition, financial institutions are also concerned with the redemption modality. This is said because the birthday withdrawal can be used as collateral when taking out a loan.

After that, employees have a deadline to register for the birthday withdrawal modality. After the deadline, it will no longer be possible to request a birthday withdrawal. See what this deadline is about below.

The FGTS birthday withdrawal is a modality that allows workers to redeem up to 50% of the balance deposited in active and inactive accounts. The amounts are always released in the anniversary month, and extend over the following 2 months.

This modality is viewed favorably by workers, as it is a source of occasional extra income. With the resources, workers usually pay off debts, or even invest in businesses.

On the other hand, anyone who adheres to this modality loses the right to full redemption of the amounts deposited in the FGTS account, if they are fired without just cause. Furthermore, the right to a fine of 40% on the account balance is lost. And the citizen cannot change the FGTS withdrawal method for a period of 2 years.

Anyone who wishes to transfer the birthday withdrawal to the withdrawal withdrawal must have spent two years in the first modality. The procedure is carried out 100% online, and must be done through the FGTS App:

To participate in the FGTS birthday withdrawal, you must:

The worker must follow the general rules of the program to make the redemption in the birthday month. Afterwards, you need to know more about the balance deposited in the account. The model makes it impossible for employees to withdraw FGTS, even if they are fired for just cause.

This happens because the validity period of the FGTS birthday withdrawal is 2 years. During this period, he cannot make a new change of FGTS withdrawal models. However, if dismissed without just cause, the employee who chose the birthday withdrawal continues to be entitled to a termination fine of 40% on the amount deposited in the fund.

After the announcement of the end of the FGTS anniversary withdrawal, many workers wonder how long it will be possible to take up the option. In short, new additions must be vetoed from March onwards.

Thus, if the worker is currently in the withdrawal-termination modality, he has until the end of February to join the withdrawal-anniversary modality. After February, it will no longer be possible to use this FGTS withdrawal option.

More news on the portal: ☕ CoffeePost: