August 18, 2022
Who is entitled to a huge sum of 10 thousand Brazilian riyals?

Who is entitled to a huge sum of 10 thousand Brazilian riyals?

The review of the FGTS (Employee Guarantee Fund) drew the attention of workers who wanted to know if they had the right to withdraw good money. First, you need to know that the review is for any and all workers who worked for wages at least some time after 1999.

The Federal Supreme Court (STF) has not yet decided whether to change the FGTS credit correction rate since 1999. The rate Caixa Econômica Federal uses for correction is TR (Reference rate). The big problem is that TR cannot keep up with the increase in inflation.

Each time the FGTS balance undergoes a cash correction, the worker sees that their money has run out of steam, since inflation has been higher than the correction rate used by Caixa Econômica Federal.

Can workers get at least R$10,000?

A tool that can be used to help calculate the FGTS balance allows the worker to know if they are entitled to request a review. Data from startup LOIT FGTS showed that most of the workers who used their accounts had a balance of roughly R$10,000.

The worker should be aware that the amount of R$10,000 is just an average, because there are people who will be able to receive an amount higher than R$10,000 with the review.

You can use the LOIT FGTS tool to find out if you are entitled to request an FGTS review. Access your FGTS statement, and check the balance for the entire period so you have an idea if a review can be requested.

For some workers, the review will not be worth it, so it would be good to have the help of a lawyer who, through the calculations, will be able to direct the worker whether it is worth asking for a review or not.

The desire of all workers to replace the cash correction index of the Employment Compensation Fund (FGTS) with an inflation index from 1999 to the present day, which could lead to an average profit of about R$10,000 per worker.

On the other hand, there is a possibility that in its ruling the STF will favor only those who already have a lawsuit under consideration.