The PIS/PASEP/FGTS is a set of benefits that are offered to Brazilian workers.
The PIS and PASEP are salary allowances that are paid annually to workers who meet the requirements established by law.
The FGTS is a guarantee fund that is deposited monthly by employers in an account linked to the worker.
It’s important to stay on top of news and updates about these benefits to ensure you’re getting everything you’re entitled to.
For example, in 2022, more than 500,000 workers had not yet withdrawn the PIS/Pasep salary bonus for the 2020 base year. It is essential to be aware of the established deadlines in order not to lose the benefit.
In addition, it is important to know how to consult and withdraw these benefits. Information on the PIS/Pasep salary allowance can be consulted as of April 5, 2023.
The FGTS withdrawal can be made in specific situations, such as unfair dismissal, retirement or home purchase. Stay on top of news and updates about PIS/PASEP/FGTS to ensure you are receiving everything you are entitled to.
What is PIS/PASEP/FGTS
The PIS/PASEP/FGTS are acronyms that represent programs created by the Brazilian government to help workers. Each of them has a specific purpose and is administered by a different institution.
- The PIS (Social Integration Program) is aimed at workers in the private sector and is managed by Caixa Econômica Federal.
- The PASEP (Public Servant Heritage Formation Program) is aimed at public servants and is managed by Banco do Brasil.
- The FGTS (Employee Severance Indemnity Fund) is a fund created to protect workers in case of dismissal without just cause. It is administered by Caixa Econômica Federal and employers must deposit a monthly amount corresponding to 8% of the worker’s salary.
The PIS/PASEP Fund is a fund formed by the contributions of companies and public bodies in relation to their employees. This fund is managed by Caixa Econômica Federal and Banco do Brasil, respectively.
The PIS/PASEP/FGTS are important for workers, as they allow them to have access to benefits such as salary bonuses, FGTS withdrawals in specific situations and PIS/PASEP quotas.
It is important to stay tuned for updates and news about these programs so as not to miss out on any benefits to which you are entitled.
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Who is entitled to PIS/PASEP/FGTS
The PIS/PASEP/FGTS is a set of benefits that aims to help Brazilian workers to have a more stable financial life. But who is entitled to these benefits? In this section, we will explain who can receive PIS/PASEP/FGTS.
Private initiative workers
Private initiative workers are entitled to PIS (Social Integration Program) and FGTS (Senior Severance Indemnity Fund). To receive PIS, you must meet the following criteria:
- Have worked with a formal contract for at least 30 days in the base year;
- Have an average monthly salary of up to two minimum wages;
- Being enrolled in the PIS for at least five years.
The value of the salary bonus varies according to the number of months worked in the base year. For example, if the worker worked for 12 months, he is entitled to a minimum wage. If you worked for six months, you are entitled to 50% of the minimum wage.
The FGTS is a benefit that every worker with a formal contract is entitled to. The corporate employer is required to deposit a monthly amount corresponding to 8% of the worker’s monthly remuneration in an FGTS account.
This balance can be withdrawn in different situations, such as unfair dismissal, retirement, home ownership, among others.
Public servants
Public servants are entitled to the PASEP (Public Servant Asset Formation Program) and the FGTS. To receive the PASEP, it is necessary to meet the following criteria:
- Have worked as a public servant for at least 30 days in the base year;
- Have an average monthly salary of up to two minimum wages;
- Being enrolled in PASEP for at least five years.
The value of the salary bonus is the same as the PIS: a minimum wage for those who worked for 12 months and 50% of the minimum wage for those who worked for six months.
As in the case of workers in the private sector, the FGTS is a benefit that every public servant is entitled to. The legal entity employer is required to deposit a monthly amount corresponding to 8% of the server’s monthly remuneration in an FGTS account. This balance can be withdrawn in the same situations as the FGTS of private initiative workers.
In short, both private initiative workers and public servants are entitled to PIS/PASEP/FGTS, which are important benefits to ensure a more stable financial life. Make sure you meet the necessary criteria to receive these benefits and make sure you take advantage of them.
How to consult and withdraw the PIS/PASEP/FGTS
The PIS/PASEP/FGTS is a benefit paid to workers who meet the requirements established by the government. In this section, we will show you how to consult and withdraw PIS/PASEP/FGTS quickly and easily.
Consultation
To find out if you are entitled to PIS/PASEP/FGTS, just consult the Annual Social Information List (RAIS) or the Caixa Econômica Federal or Banco do Brasil application. You can also call 158 or access the Digital Work Card on your cell phone.
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Withdrawal
To withdraw the PIS/PASEP/FGTS, it is necessary to have the Citizen Card and the registered password. If you don’t have the Citizen’s Card, you can withdraw the benefit at a Caixa Econômica Federal or Banco do Brasil agency. If you have a checking or savings account at Caixa Econômica Federal, you can request the benefit credit directly to your account.
Withdrawals can also be carried out at lottery outlets and Caixa Aqui correspondents, with the presentation of the Citizen Card and an identification document with a photo. The maximum amount that can be withdrawn is BRL 1,100.00.
If you have a checking or savings account at another financial institution, you can request the transfer of the benefit via TED. The PIS/PASEP/FGTS payment schedule is published annually by the government, according to the worker’s enrollment month.
To further facilitate access to the benefit, Caixa Econômica Federal created the Caixa Tem application and digital social savings, which allow the receipt of PIS/PASEP/FGTS virtually. The app can be downloaded for free from the App Store or Google Play.
In summary, to consult and withdraw the PIS/PASEP/FGTS, you can use the Caixa Econômica Federal or Banco do Brasil application, the RAIS, the Digital Work Card, the lottery units, the self-service terminals, the bank branches, the Citizen Card, transfer via TED, digital social savings and the Caixa Tem application.
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News and updates about PIS/PASEP/FGTS
The PIS/PASEP/FGTS is a set of benefits that aims to guarantee the financial security of Brazilian workers. In this article, we’ll provide you with the latest news and updates about these programs.
Consultation and withdrawal of PIS/PASEP quotas
Recently, Caixa Econômica Federal authorized the consultation and withdrawal of values related to PIS/Pasep through the application of the Fundo de Garantia por Tempo de Serviços (FGTS).
According to the institution, R$ 24.6 billion in PIS/Pasep quotas are available and 10.6 million people have amounts to be received. This is an excellent opportunity for workers who have not yet received their quotas.
PIS/PASEP wage bonus
The PIS/PASEP wage allowance is a benefit paid to workers who earn up to two minimum wages per month. The payment is administered by Caixa Econômica Federal and Banco do Brasil, respectively.
Recently, the salary bonus payment calendar for the year 2023 was announced. It is estimated that around 22.9 million workers receive the salary bonus. Private initiative workers receive the PIS (Social Integration Program).
Certificate for withdrawing PIS/PASEP/FGTS
The PIS/PASEP/FGTS withdrawal certificate is now available on My INSS. Just access the gov.br portal and select the Certificate service for PIS/PASEP/FGTS withdrawal.
If the certificate is already available in the system, it will be possible to save the document on the computer and print a copy at the same time. If the document is not yet available, the system itself will make the request.
Extinction of the PIS/PASEP Fund
Provisional Measure 946/20 authorized the extinction of the PIS/PASEP Fund. As a result, the fund’s resources were transferred to the FGTS. This measure aims to simplify the management of workers’ resources and ensure greater efficiency in the administration of benefits.
Update of PIS/COFINS legislation
The Federal Revenue has updated the legislation on PIS/COFINS. The measure aims to improve the business environment in the country. With the publication of the Normative Instruction, the Federal Revenue takes an important step towards improving the country’s business environment. Updating legislation is important to ensure the effectiveness of programs and benefits offered to workers.
Digital work portfolio application
The digital work portfolio application is a tool that allows workers to access information about their employment relationships.
With the application, it is possible to consult the history of jobs, salaries and benefits received. The app is available for free download on the App Store (iOS) and Google Play (Android).
BB Call Center
The BB Call Center is a tool that allows workers to obtain information about the PASEP. Through the center, it is possible to consult the PASEP balance, request the withdrawal of the benefit and ask questions about the program.
National Register of Social Information (CNIS)
The National Social Information Register (CNIS) is a system that stores information about Brazilian workers. The system is used to calculate social security benefits, such as retirement and death benefits. It is important to keep the registration updated to guarantee the right to benefits.
eSocial
eSocial is a tool that allows employers to send information about their employees to government agencies. The purpose of eSocial is to simplify the process of sending information and ensure transparency in the relationship between employers and employees.
