The government officially announced that preparations for the annual withdrawal from the Fund for Service Time Guarantee (FGTS) in 2024 are being carried out as quickly as possible. According to the information released, the release of resources will be conditional on the worker’s month of birth. In this way, those born in January are already allowed to withdraw the amount available in their accounts.
FGTS 2024 calendar
|From January 2 to March 29
|From February 1 to April 30
|From March 1 to May 31
|From April 1 to June 28
|From May 2 to July 31
|From June 3 to August 30
|From July 1 to September 30
|From August 1 to October 31
|From September 2nd to November 30th
|From October 1 to December 29
|From November 1 to January 31, 2025
|From December 2 to February 28, 2025
What is the FGTS Birthday Draw?
Birthday Withdrawal is an option that allows workers to withdraw part of their FGTS account balance annually, in the month of their birthday. However, in cases of dismissal, an employee who has chosen the Christmas withdrawal method is only entitled to a 40% termination penalty on the amount deposited by the employer and not the total FGTS balance.
How does the FGTS Birthday Draw work in practice?
It is important to understand how the above FGTS Birthday Draw works to avoid confusion. In the current method in place, workers who have opted for a birthday withdrawal are entitled to withdraw annually, in the month of their birthday, a certain portion of their FGTS funds.
However, it is important to remember that in cases of dismissal, these workers are only entitled to severance pay. This is because choosing to withdraw over Christmas means forgoing full withdrawal from FGTS in the event of unfair dismissal.
Ministry of Labor initiative
The aim of this initiative by the Department of Labor is to provide workers who have chosen the Christmas withdrawal option with access to the full balance of their FGTS accounts and not be limited only to severance payments.
This proposal has been welcomed by many workers who see this option as a way to obtain additional money to pay off debts or invest in a personal project. However, it should be noted that each case is different, and this option must be chosen consciously, analyzing all the implications and benefits arising from it.
Therefore, if you are considering choosing a FGTS birthday draw, it is useful to carefully analyze all the implications of this choice.
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