The government’s expectation is to generate up to R$8.2 billion in FGTS resources through the program, according to the Ministry of Labor and Employment (MTE)
Access to your balance is now available on the app Service Time Guarantee Fund (FGTS) intended for debt renegotiation in Novo Desenrola Brasil.
A new modality will allow use of up to 20% of the fund balance or up to R$1,000the highest value prevailing, for amortization or settlement of outstanding debts.
The government’s expectation is move up to R$8.2 billion in FGTS resources through the programaccording to the Ministry of Labor and Employment (MTE).
According to the federal government, membership will be made directly by financial institutions after authorization from the worker in the FGTS application. After debt renegotiation, Caixa Econômica Federal will transfer the amounts directly to the banks responsible for the contracts.
The estimated deadline for formalizing the operations is up to 30 days after checking the available balance.
The bank is also defining operational procedures so that financial institutions can begin offering the modality for debt renegotiation.
In addition to the release of the FGTS for Novo Desenrola, the government reported that more than 10.5 million workers will receive, on May 26, residual amounts from the fund’s anniversary withdrawal, released in several rounds since the end of last year.
The estimated additional release is R$8.4 billion and will benefit workers dismissed without just cause between 2020 and 2025. Deposits will be made automatically to accounts registered in the FGTS application.
Operation
-The worker may use up to 20% of the FGTS balance or up to R$1,000, whichever value prevails;
-It will be necessary to authorize, through the FGTS application, access by financial institutions to available amounts;
-The use of FGTS will only occur after debt renegotiation within the program;
-It will not be necessary to go to Caixa branches to complete the operation;
-Resources from active and inactive FGTS accounts can be used, with priority for inactive accounts.
Accession
-Workers with monthly income up to R$8,105;
-Eligible debts include credit card, overdraft and Direct Consumer Credit (CDC);
-The use of FGTS will temporarily suspend new annual withdrawals and birthday withdrawal advances until the balance is recovered.
And the residual
-The residual credit will be paid on May 26th;
-Around 10.5 million workers will benefit;
-The measure covers workers who joined the anniversary withdrawal and were fired between 2020 and 2025;
-Only amounts linked to advance contracts that are still active will remain blocked.
Balance
-Before May 25th, part of the balance may temporarily stop appearing in the FGTS application;
-According to the MTE, the change will occur due to the internal processing necessary to release the resources;
-After processing, the residual amounts of the birthday withdrawal will be automatically deposited into the accounts registered by the workers.
