Uncategorized

Birthday Withdrawal: Can Unemployment Insurance Redemption Be Blocked?

Advertisement

The formal worker is entitled to a series of benefits. FGTS birthday withdrawal and unemployment insurance are two good examples that are often claimed. But the question remains, does one income impede the other?

While the birthday withdrawal allows the worker to annually withdraw a portion of the balance deposited in the Severance Indemnity Fund (FGTS) account, unemployment insurance only releases amounts in the case of unfair dismissal.

Answering the main question, anyone who opts for the FGTS birthday withdrawal will not lose their unemployment insurance. They are different policies. The confusion arises because anyone who chooses to withdraw on birthdays loses the right to withdraw the full FGTS when dismissed without just cause.

This only happens because this person will continue to receive the amounts deposited in the FGTS by their former employer, normally in the month of their birthday, whether they have a new job or not.

Birthday withdrawal x unemployment insurance

What is the FGTS birthday withdrawal?

The FGTS Birthday Withdrawal is a modality that allows Brazilian workers to withdraw part of the balance available in their FGTS account each year, in the month of their birthday, according to the calendar established by Caixa Econômica Federal (CEF).

The amount to be withdrawn varies according to the balance available in the account according to the table that determines the percentage to be withdrawn. It is worth noting that this modality is optional, and that in compliance with it, the employee loses the right to full dismissal in the case of dismissal without just cause, maintaining the right to a termination fine of 40% of the balance.

What is unemployment insurance?

Unemployment insurance is a benefit provided by the government to provide financial assistance to workers who have been fired without cause. It is a form of social protection that aims to guarantee a minimum income for workers who have lost their jobs and are looking for a new position in the labor market.

The benefit is paid over a certain period of time, which varies from three to five installments, depending on the employee's working hours and the number of times they have requested unemployment insurance in the past.

To be entitled to unemployment insurance, the worker must meet certain requirements, such as having been fired without just cause, having worked for a minimum period of time and being enrolled in the PIS/PASEP program for at least five years.

More news on the portal: ☕ CoffeePost:

About the author  /  Tiago Menger

Trending Topics

content

PIS/PASEP 2023: Government ALERT for those who will receive the bonus this year

Millions of Brazilians will have the right to receive the PIS/PASEP bonus from February 2023. To find out if you are included in the list of beneficiaries, the consultation will be available on February 5th.

Continue lendo
content

PIS/PASEP 2023: DATAPREV can include almost 3.5 million people in the benefit

Until April 5th, Dataprev estimates that up to 2.7 million workers could be included in the 2023 PIS/PASEP bonus payments.

Continue lendo
content

13th INSS salary: Government ADVANCES payment schedule; See the dates

A decree was signed by President Lula anticipating the INSS 13th salary payment schedule. See the new dates.

Continue lendo

You may also like

content

Government goes back and interest on INSS payroll is expected to increase in the coming weeks

The last week has been tumultuous when it comes to the INSS payroll issue. After a reduction in the interest ceiling for the credit modality

Continue lendo
content

Facebook loses its position as the most valuable network in the world to TikTok; Look

Facebook is one of the most used social networks in the world, but over the last few years another network has established itself and quickly become popular, TikTok.

Continue lendo
content

Income Tax 2023: Refund of the 1st batch already has a date set; Look

The Federal Revenue Service will make available the consultation of the 1st batch of Income Tax Refunds in 2023 on the 24th, Wednesday.

Continue lendo