FGTS withdrawal of up to R$1,000 starts on April 20; see calendar

The new round of withdrawals from the FGTS (Fundo de Garantia do Tempo de Serviço) will be available to workers from April 20th, the president of Caixa Econômica Federal, Pedro Guimarães, informed this Thursday (17th).

As Folha anticipated, around 40 million workers with a balance in the fund’s accounts will be able to redeem up to R$1,000. Values ​​will be available until December 15, 2022.

The release is part of a broader package of measures to inject resources into the economy at a time when high inflation takes away purchasing power from Brazilians and household indebtedness is high.

The withdrawal of the FGTS alone should inject R$ 30 billion. Other measures include the anticipation of the 13th anniversary of INSS (National Social Security Institute) retirees and pensioners, expansion of the margin for contracting payroll-deductible loans and a microcredit program.

See the FGTS withdrawal calendar:

Born in January: April 20

Born in February: 30 April

Born in March: May 4

Born in April: May 11

Born in May: May 14

Born in June: May 18

Born in July: May 21

Born in August: May 25

Born in September: May 28

Born in October: June 1st

Born in November: June 8

Born in December: June 15

An MP (provisional measure) signed by President Jair Bolsonaro (PL) will authorize the rescue of resources by workers.

The amount of R$ 1,000 is the maximum limit for the withdrawal. This means that if the worker has a lower account balance, the redemption will be at the available amount. Values ​​cannot be locked.

This is the third time that the Bolsonaro government has authorized extraordinary withdrawals of FGTS resources.

The first round of FGTS release under Bolsonaro was in 2019, when the injection of resources helped to support economic activity. A second round came in 2020, in the context of measures to combat the effects of Covid-19.

Before, in 2017, the Michel Temer government (MDB) allowed the withdrawal of inactive accounts – when the employment contract is terminated but the balance remains in the account, as in cases of resignation by the worker.