Dismissed may maintain FGTS investment in Eletrobras shares

The worker who invested part of the FGTS (Fundo de Garantia do Tempo de Serviço) in Eletrobras shares may choose to keep the investment in the papers even in the event of dismissal, retirement or other situation of withdrawal from the fund permitted by law.

According to Caixa Econômica Federal, whether or not to redeem the amounts invested in the fund when fired is a citizen’s option. “If the worker is entitled to redeem the FGTS balance for any of the withdrawal hypotheses, the decision to redeem the amount invested in FMP-FGTS is at the discretion of the worker himself”, says the bank.

According to the rules, the investor who uses the FGTS at Eletrobras has a grace period of 12 months to move the shares, that is, for one year, he cannot sell them. The sale and redemption of the invested money is allowed after this period. The amounts return to the FGTS account and can only be withdrawn in situations permitted by law.

There are exceptions that allow the movement of amounts before: if the worker is fired without just cause, buys his own house, retires or falls into any other of the 16 situations of withdrawal provided for by law. In this case, it is possible to sell the shares and gain access to the fund’s money.

But, if you don’t want to, when you leave the company, you can withdraw the amount that was not invested in Eletrobras and keep the rest of the investment, selling the papers whenever you want, as long as after the 12-month grace period. The money will return to the FGTS account, but can only be withdrawn in legal situations.

Another rule that benefits the worker is that the fine of 40% of the FGTS in case of dismissal without just cause is calculated on the amount that the professional accumulated in the account opened by the company.

purchase of shares

The reserve of Eletrobras shares with the FGTS money started on June 3 and ended at 12:00 this Wednesday (8). The worker was able to invest a minimum amount of R$ 200 limited to 50% of the balance in the Guarantee Fund. The reserve was made through banks and brokerages managed by FMP (Mutual Privatization Fund).

The value of the shares will be known this Thursday (9), when the balance sheet should be released. Estimates are that the sale moved values ​​of around R$ 50 billion. According to the rules, negotiations above R$ 6 billion for those who invest through FMP will lead to the apportionment of the shares.

The apportionment index is the responsibility of the public offering organizers. “After this definition, Caixa, as the operating agent of the FGTS, will start processing the debits in the accounts”, says the bank.

Until the settlement of the offer, the worker can consult in his statement the amounts effectively debited for application purposes, or even, he can consult his administrator in the FGTS app, says the bank.

Understand privatization

One of the purposes of capitalizing Eletrobras, the largest electric company in Latin America, is to make the company able to increase its level of investments and become more competitive in the market.

The funds that must be raised with Eletrobras’ primary offer will go to the company’s cash, to help it pay a grant grant to the Federal Government for the change in the contract of its hydroelectric plants, which will be able to sell energy on the free market.

Capitalization seeks to dilute the Union’s share, which needs to drop from 72% to 45%, raise funds to pay the State grant and transform the company into a corporation. No shareholder may hold more than 10% of the total shares.

The company will no longer control Eletronuclear, owner of Angra 1 and Angra 2, and Itaipu, which will be transferred to a new state-owned company, ENBPar.