Lula's government can put an end to the FGTS anniversary withdrawal!

Lula's government informed that there are possibilities to end the birthday withdrawal soon, as advised by Luiz Marinho (PT), new Minister of Labor.

The birthday withdrawal modality was created in 2020 and launched in April, during the government of Jair Bolsonaro (PL). The FGTS (Senior Severance Indemnity Fund) now offers the option of withdrawing the amount available from an account in the month of the worker's birthday. In all, 21 million workers were reached by the change and carried out the looting.

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When requesting the change, the worker will not have access to the money if he is fired without just cause. That is, in the near future, the worker could be financially deprived, so there is a need to reassess the proposal offered in the birthday month.

As indicated by the Minister of Labor, the extinction of the anniversary withdrawal program will be presented to President Lula (PT), justifying itself by the fact of guaranteeing the security of savings of workers. In highlight, the minister pointed out that the FGTS can deviate from the ideal purpose of usefulness that is to support the worker in case of dismissal without just cause.

birthday withdrawal

To join the modality, some rules were established and had to be requested by the worker himself. The main rules are to be over 18 years old, have an account at Caixa Econômica Federal and have a regular CPF status with the Federal Revenue Service.

To make the request, the worker needs to enter the FGTS application - available for Android and iOS systems - using a registered password and login. When entering the app, you need to go to the “Birthday Withdrawal” tab and follow the step by step.

Until now, the Lula government's proposal will continue to be discussed between the trade union centrals and the Board of Trustees of the FGTS. In contrast to the subject on the agenda, Adolfo Sachsida, former secretary of Economic Policy in the government of Jair Bolsonaro, commented that it would be a mistake to extinguish the anniversary withdrawal.

“The FGTS Anniversary Withdrawal corrects important distortions in the credit and labor market”, stated Adolfo.

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