Salary Allowance: What is the value and how is it paid?

Every beginning of the year, Brazilian workers with a formal contract await an important benefit: a salary bonus. It is an annual payment made by the federal government, amounting to the minimum wage. To be eligible, a citizen must have officially worked for at least 30 days in the previous year.

In 2023, there will be changes to the payment schedule. Although the dates have changed, the process of releasing resources has already begun. If you want to know whether you are entitled to the benefit, how much money you can get and how to withdraw it, we continue this topic below. As a bonus, we offer some tips on how to use that extra income, whether to pay off debt, build a financial buffer, or invest.

What is salary allowance and who is eligible to receive it?

The salary bonus is an annual benefit granted to workers in the public and private sectors who have a formal contract and at least five years of registration with PIS. Its main purpose is to help workers who are in a state of social vulnerability, and to guarantee the value of the minimum wage. However, in order for a citizen to be entitled to obtain it, he must comply with the requirements of Law No. 7998/90.

Workers who have been registered with PIS for at least five years, have earned an average monthly wage of up to two minimum wages during the base year, and have worked for a legal entity for at least 30 (consecutive) days are entitled to the bonus. or not) in the base year, the data for which is correctly reported by the employer in the Annual Social Information List (RAIS)/eSocial.

What is the Justice and Development Party?

Before we get started, we need to clarify what PIS is, an acronym that is widely used in the workplace, but its meaning is still unknown to many workers. It is an abbreviation for the Social Integration Program, which was created by the government to guarantee the rights of employees of private companies. Every worker receives a PIS number the first time he is hired with an official contract. This number accompanies the individual until retirement and can be found on the first page of the work card.

There is also PASEP, the Public Employee Asset Training Program. Similar to PIS, PASEP also provides a salary bonus, paid by Banco do Brasil, while PIS is paid by Caixa Econômica Federal. Draw schedules vary for both.

Salary bonus amount and pay schedule for 2023

The value of the salary bonus is calculated for the duration of the citizen’s work in the base year, and is calculated on the basis of the number of months of work multiplied by 1/12 of the value of the minimum wage. usually, Prices range from R$108.50 to R$1,302This is based on the number of working months in 2022.

The 2023 salary bonus payment dates have undergone changes, with payments starting from February 15referring to the year 2022. It is estimated that 23 million workers will receive a benefit amounting to one minimum wage by the end of the year, for a total of about R$ 24.4 billion.

Consultation and withdrawal of benefits

The bonus payment can be viewed in the “Carteira de Trabalho Digital” app or by calling 158. At Caixa Econômica Federal, account holders and savers can make withdrawals directly from the account. Otherwise, withdrawals are made from ATMs, lottery outlets and CAIXA Aqui correspondents. In the case of Banco do Brasil, if a citizen is a client, payment will be made automatically. If this is not the case, it is necessary to request that the amount be transferred to the account held by the beneficiary.

With this information in hand, it’s time to check your situation and plan the best way to use this additional resource. Here at Blog Santander, we provide content that can help you balance your accounts, build a financial buffer or start investing. On to the next!