Caixa launches R$2,900 withdrawals for those born in July; find out if you're eligible

Withdrawing FGTS on the anniversary is still an option widely discussed among Brazilian workers. In this way, with the possibility of withdrawing part of the balance of the Fund for Guaranteed Time of Service (FGTS) Every year, this method raises interest and doubts about its work and benefits.

However, the Ministry of Labor and Employment recently proposed replacing the method with a model. lend Considering that this change would ensure the financial sustainability of the fund. At the moment, the changes have not been implemented, and those born in July can now make withdrawals according to the specified calendar, which is available until September 30.

What is a birthday withdrawal?

The FGTS Birthday Draw allows the employee to withdraw part of the balance annually, in the month of his birthday. Unlike the Termination Draw, which is limited to unfair dismissal and other specified events, the Annual Draw does not allow for the full refund of the balance in the event of dismissal. However, the employee is still entitled to a 40% termination penalty on the deposits made by the company.

All contract workers who have a balance in FGTS can choose the birthday withdrawal method. This choice is not automatic and requires the individual to register by the last day of his/her month of birth. If the worker does not express interest, he/she will not be able to make the withdrawal in this way.

See also:

CadÚnico re-registration starts on a rolling basis on Wednesday (3); learn more

How do values ​​and deadlines work?

The amount that can be withdrawn annually from the Social Security Fund varies according to the total balance in the worker’s account. There are balance ranges that specify specific withdrawal percentages, which ensures that the worker can withdraw part of the accumulated balance annually, according to the rules set by the government.

• Balance up to R$500.00: Withdraw 50% of the balance.
• Balance between R$500.01 and R$1,000.00: Withdraw 40% of the balance plus an additional installment of R$50.00.
• Balance between R$1,000.01 and R$5,000.00: Withdraw 30% of the balance plus an additional installment of R$150.00.
• Balance between R$5,000.01 and R$10,000.00: Withdraw 20% of the balance plus an additional installment of R$650.00.
• Balance between R$10,000.01 and R$15,000.00: Withdraw 15% of the balance plus an additional installment of R$1,150.00.
• Balance between R$15,000.01 and R$20,000.00: Withdraw 10% of the balance plus an additional installment of R$1,900.00.
• Balance over R$20,000.01: Withdrawal of 5% of the balance plus an additional installment of R$2,900.00.