Government studies to distribute 96% of FGTS profits to workers this year

Application Caixa Econômica Federal – FGTS. Photo: Marcelo Camargo / Agência Brasil

The federal government plans to distribute up to R $ 8.12 billion to workers with formal contracts by the end of this month. The value corresponds to 96% of the 8.467 billion BRL profit from the Employment Compensation Fund (FGTS) obtained in 2020. The percentage is expected to be decided on Tuesday (17), at a meeting of the Board of Directors of the FGTS, a group made up of government, business and worker representatives.

The pro-rata allocation of resources has taken place since 2017 and the amount is calculated on the balance of each FGTS account as of December 31 of the previous year. In 2020, around 7.5 billion reais were distributed to workers, which is equivalent to 66.2% of FGTS profit achieved in 2019. If the profit distribution is approved on Tuesday, each account will be credited until August 31.

The payment of part of the FGTS salary does not modify the withdrawal rules, which can only be carried out under the usual conditions, such as unfair dismissal, purchase of housing, retirement, proof of serious illness or even workers who have joined. at anniversary withdrawal.

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