The Agreement Contract is a Brazilian worker’s right guaranteed by law. Even though the benefit has existed since 1967, a fair number of people still have doubts about the Agreement Contract withdrawal.
In this article, we deal with everything you need to know about Agreement Contract service.
Do not know if it is released for withdrawal of value? Do you want to know how much you can withdraw? These and many other issues will be addressed in the following topics.
This way you can better take advantage of this benefit that has become one of the most common ways of the Brazilian heritage building.
It even has a positive influence on the country’s economy. Let’s start by understanding what the collateral fund is and how it works.
What is the Agreement Contract?
The Guarantee Fund is a benefit applicable to formal workers whose contract is under the CLT regime.
They also have the right to temporary, single, rural, clerical workers and athletes who work professionally.
The main function of the Agreement Contract is to protect the dismissed worker without just cause.
It works through linked accounts that are opened in the name of employees.
The balance that is formed is a result of the monthly deposits that the employer makes.
The amount allocated to the fund corresponds to 8.0% of the employee’s salary and receives any monetary and interest adjustments.
As we have seen, it was originally intended for times of difficulty. This is why, in addition to dismissal, the Agreement Contract withdrawal can also occur in cases of serious illness .
There is also the possibility of using the value in the acquisition of a house of its own.
After all the above definition do you still have any questions about the Agreement Contract? How about checking our guide on how the Guarantee Fund works ?
Enjoy this in-depth study to ensure your rights!
Is it worth to take out the Agreement Contract?
Many workers finding out that they have Agreement Contract balance are in doubt as to whether they should get the value .
The recommendation of how to proceed is very simple: do you need the money? So sack, it serves just for emergencies .
There is no necessity? So it’s best to keep the money quiet.
The reason for this is the income of the Guarantee Fund: about 3% per year .
This means a greater gain than savings. Thus, it is worth saving the value if there is no emergency. For while it yields it becomes an investment.
Are you in need of money and want to let the value of the Agreement Contract yield ? The personal loan is an alternative to solve your problem.
Especially if the rates are low and the money does not compromise the family budget. Try Bom Credit’s personal loan to find all these advantages!
Agreement Contract Withdrawal Amount
Recall that the amount credited monthly is calculated at 8% of the remuneration . The only exception to this is the lower learner contracts, where the rate is 2%.
For domestic workers the payout is higher, 11.2% of gross salary .
The amount in this case is divided into 8% monthly deposit and 3.2% in the event of anticipation of the termination payment.
With regard to the tax rate, it is important to note that it is not deducted from the remuneration received but calculated based on it .
To check the updated balance and the monthly deposit amounts, Bank Federal makes available the Agreement Contract application .
Simply enter your NIS (PIS / Pasep) number to access this information. You can also make the query through your browser .
An alternative is to use a calculator to arrive at the approximate value of the Guarantee Fund.
Now, if you’re unsure how best to use the money, we can help. Check out our tips on what to do with the Agreement Contract service.
How to Take the Agreement Contract Out – Footsteps
For you who want to know how to get your Agreement Contract we present below the step by step. Check out:
- Before requesting the amount it is important to check your balance. You can go to Bank’s service network or use one of the digital delivery channels. The Agreement Contract mobile app is available for Android , iOS and Windows Phone . As stated in the previous topic, the query can still be performed on the Web . This applies to both active and inactive accounts .
- Already know your balance? Then go to one of the establishments that are part of Bank’s service network in your region. In this regard, many workers wonder if it is possible to withdraw the Agreement Contract from the lottery . And yes, it is possible! In addition, you can go to the branches of Bank.
- Please have the documentation required to file the withdrawal application with you:
Official ID card with photo;
Work and social security portfolio;
PIS / PASEP enrollment number;
Documents that prove the right to receive the benefit ;
- Choose whether to cash in the cashier or receive it in a bank account.
For those residing abroad, a copy and originals of the cited documentation must be presented. In addition, a withdrawal request must be completed and signed in the presence of a consular representative.
Situations You Can Take Off of the Agreement Contract and Necessary Documents
Although the government studies proposals to make the use of the guarantee fund more flexible, the conditions for redemption are still restricted.
The following describes the main rules that determine the possibility of withdrawal from the Agreement Contract . You will also find a brief listing of the required documents.
Take advantage of the information to discover the situations where you can avail your Guarantee Fund.
The most common situation for the framework is dismissal without just cause . That is, when the employer can not justify dismissal on the basis of a serious misconduct.
In this case the worker does not only earn the right to withdraw the money, but also receives all the labor fines. It is clear that other situations involving labor contracts can frame the citizen to receive the balance. Here are the main examples to follow.
Understand which contractual terminations entitle the benefit
This is a form of temporary hiring. Therefore, it includes a start and end date set in contract. It is the right of the professional to withdraw the Agreement Contract when this period expires.
- Termination of contract due to adverse situations with the contracting company
A contracting company may suffer some adverse situation, terminating the contract of its employees. When this reason is greater, the Agreement Contract is released and may be increased by labor fines. Situations that fall into this category include :
Extinction of the company;
Death of the individual employer;
Suppression of part of the business activities;
Nullity of the employment contract.
- Termination due to misconduct or force majeure
Here we have a rather rare occurrence. After all, it takes a worker and an employer to discharge their legal duties and obligations. As the fault for the dismissal is reciprocal, and not exclusive to the professional, the Agreement Contract can be released.
Retirement, death, personal need and other conditions
- Retirement, death and age above 70 years
It is the right of every Brazilian worker to receive the full balance of the fund at the time of his retirement . It is also provided in law that the dependents of a deceased can withdraw the full value of the Agreement Contract. This can be done without the need for inventory. Lastly, the right of withdrawal is guaranteed for Brazilians over 70 years of age.
- Personal need and serious illness
This category may include several situations. What is important is that it is a serious and urgent need. The situation may have occurred, for example, due to natural phenomena. In such circumstances an emergency or state of public calamity is decreed.
The Agreement Contract service is also released for those with serious illness . And the same is true if the holder of the condition is dependent on the worker. Among the predicted frames are HIV, malignant neoplasm (cancer) and terminal stages of any serious diseases.
- Other situations that give the right to withdraw the benefit
In addition to everything we have already listed workers can make a withdrawal from the Agreement Contract when they have been out of the regime for 3 years .
That is, in cases where the monthly Agreement Contract deposit is not occurring for a long period.
Individual professionals – who provide services to several companies – receive the benefit when work is suspended.
No less important is the fact that you can use the balance of the fund to acquire a property .
The same is true for investments intended to amortize or settle the debt.
Taking out the Agreement Contract to cover part of the housing finance benefits is another possibility.
Deadline for Taking Out Agreement Contract After Resignation
When the employer informs the dismissal to the Bank it is confirmed if the termination is included in the Agreement Contract withdrawal .
The deadline for sending the documentation proving the termination of the contract is 10 days . At the end of this period the Identification Key is provided.
It is valid for 30 days and is indispensable to redeem the benefit.
If the deadline is not observed it will be necessary to request a new key.
In case everything is as planned the worker can withdraw the value after 5 working days . This is the deadline for withdrawing Agreement Contract after resignation.
The request for a new key can take up to 15 calendar days to complete. It is worth remembering that the Agreement Contract service does not happen for those who resign .
The only exceptions to the rule are cases where there is agreement between employer and employee. Under these conditions, 80% of the fund can be withdrawn.
Agreement Contract Active and Withholding – What is the Difference and How to Make the Rescue?
You’ve certainly heard of active and retained Agreement Contract , but do you really know what that means?
The first is simpler to understand since it describes the background of the employee who is employed.
Consequently, the account in which the deposits are made is active and receiving funds.
If contract termination occurs, on the other hand, the deposits cease and the account becomes inactive .
In spite of this, it does not lose its bond with the worker. Another relevant detail is that this balance has interest incidence and monetary correction.
The withdrawal of the Agreement Contract withheld can be done by those who worked until December 31, 2015 without being able to withdraw the amount .
In this particular case it is necessary to pay attention to the annual calendar with the deadlines .
A common question related to this matter is whether a worker can withdraw the Agreement Contract only with the citizen card .