Caixa Econômica Federal authorizes double revocation by PIS/PASEP. Employees can withdraw missed amounts by reference to the 2020 base year wage subsidy and funding ratios.

In addition to Caixa, Banco do Brasil (BB) also approved the release of resources that can be withdrawn by employees until December 29, 2022.

Who is entitled to double withdrawal?

PIS is aimed at workers who work in the private network and are paid through Caixa. While Pasep covers public servants and is administered by BB.

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According to the Department of Labor and Social Security, around 478 thousand workers did not pay the amounts. Of these, 125,624 are entitled to PIS and 353,100 to Pasep.

See the requirements

• Be registered with PIS/Pasep for at least 5 years;
  Receive, in this way, an average monthly salary in 2020 of up to a maximum of two minimum wages;
  Have worked for a legal entity for at least 30 days in 2020, whether continuously or not;
• Have the data updated by the employer in the annual social information report (Rais/eSocial).

PIS/PASEP quotas are the right of workers, including public servants and former military personnel, who served with a formal contract between 1970 and October 4, 1988 and were not withdrawn.

How to carry out double withdrawal queries?

Since 2019, the federal government has approved the withdrawal of shares from the PIS/PASEP fund, which can be carried out until June 1, 2025. At the end of the period, the amount will be transferred to the union and the worker will no longer be able to redeem it.

To see the quotas, the worker must access the FGTS application or even the FGTS website and access Caixa's internet banking (for account holders). The PIS/PASEP fund can be withdrawn at any Caixa branch.

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