February 6, 2023
A worker can withdraw funds from their inactive FGTS account

A worker can withdraw funds from their inactive FGTS account

Employees who have a balance in inactive accounts in the Employee Compensation Fund (FGTS) can sometimes withdraw funds, whether they are working or not. See below when withdrawals are allowed within the rules.

The FGTS was created to protect workers who were fired without a valid reason. When a business begins with a formal contract, an Employment Compensation Fund (FGTS) account is opened linked to the employment contract. In this way, when he is expelled, he will be able to count on the available balance in the FGTS account.

For this to happen, every month, from the beginning, the company must deposit in the accounts opened at Caixa Econômica Federal, the amount corresponding to 8% of each employee’s salary. In other words, it is these monthly deposits that will make up the FGTS.

Who has the right?

Workers who have an official contract (signed license), as well as domestic, rural, temporary, intermittent and freelance workers, saffron workers (rural workers who work only during the harvest period) and professional athletes are entitled.

A non-working manager may be included in FGTSIf the company desires.

Do you know what an inactive FGTS account is?

In order for you to understand, you first need to find out which FGTS active account is the one that usually receives the 8% deposit that the employer makes each month. This way, the active account refers to your current job.

With regard to inactive FGTS accounts, they are those that no longer receive a deposit of 8% due to the termination of the employment contract. An inactive account refers to a job from which you have not withdrawn the amount of FGTS. In this case, it usually happens when the worker quits.

How can I receive funds from inactive escrow fund accounts?

In order to withdraw the amount, you must comply with the rules of the federal government. They are as follows:

  • Funds can be withdrawn in the following cases:
  • Separation without reason
  • Termination of the contract by agreement between the employer and the employee;
  • When the company ends its activities (partially or completely);
  • Termination due to mutual fault between employer and employee;
  • termination by force majeure;
  • End of the decade
  • When a self-employed worker who works for a professional association is suspended for a period equal to or longer than 90 days;
  • worker death
  • the retirement
  • in emergency situations or in the event of a public calamity;
  • dangerous diseases;
  • In cases where the worker spends three consecutive years without obtaining employment with an official contract;
  • When a worker wants to buy his own house;
  • Settling or repaying debts or paying part of the housing finance installments.