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The amount to be withdrawn varies according to the balance available in the account according to the table that determines the percentage to be withdrawn.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

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
content

Will single mothers receive an extra portion of Bolsa Família?

After his return, the Bolsa Família program once again became one of the most discussed topics in Brazil, as Jair Bolsonaro (PL) in his government had replaced the program.

Continue lendo
content

Relationship apps: discover the best options

Discover love on your phone! Find the ideal relationship apps to connect hearts and transform your love life.

Continue lendo

You may also like

content

Netflix: Sharing accounts will be charged sooner than expected

Netflix announced changes that could soon make the streaming service more expensive in the country. Find out more about the extra charge.

Continue lendo
content

Amounts Receivable: Find out how to withdraw forgotten money

Through the Values Receivable System (SVR), 38 million individuals and 2 million companies must redeem around R$ 6 billion.

Continue lendo
content

PiniOn: how to earn money by answering in-app surveys

PiniOn is an application that allows you to earn money by participating in missions. Find out how to sign up and start earning today!

Continue lendo