Pis/Pasep payment will be made by June 30th
Workers born in April, May, and June will be eligible for the PIS/PASEP payment installments that will run until June 30th. Last month (March), there was a R$4,48% increase in the PIS/PASEP amount. This increase is, in fact, a result of the last salary adjustment, with the current amount being R$1,045.00.
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In summary, the benefit payments began in July 2019 and refer to the 2018 base year. Each withdrawal is made according to the beneficiary's birthday month. For public employees, payment will be made according to the last digit of their registration number.
It is important to mention that to date, public employees with registrations 0 to 4 and private company employees born between July and December have received an amount of R$998.00.
However, only those born in January and February and public servants with registration numbers ending in 6 and 7 will be able to withdraw the adjusted amount of R$1,045.00. However, CLT workers born in May and June and public institution employees can already withdraw this money. The withdrawal period began on March 19 and runs until June 30, 2020.
Don't forget to check your benefit at the bank, soon you will find out who is entitled to receive the Pis/Pasep 2020 payment.
Who is entitled to receive the 2020 Pis/Pasep payment?
First, not all employees are eligible for the 2020 PIS/PASEP payment. There are certain rules that must be followed. If you've been employed for at least five years, you can be encouraged.
Who can receive Pis 2020?
The PIS salary bonus is available to all registered employees of private companies. To receive the benefit, the following requirements must be met:
- Have been registered with Pis for at least 5 years;
- Have received an average monthly salary of up to 2 minimum wages in 2018;
- Have carried out paid activity for at least 30 days;
- The employee's data must be correctly reported by the employer in the Annual Social Information Report (RAIS).
Who are the people who are entitled to Pasep payment (2020)?
Next, Pasep (Public Servant Asset Formation Program) has been available to all public servants for over 50 years. However, not everyone is eligible for this benefit. Like Pis, it is limited to a specific group of people. Therefore, to receive Pasep, the public servant must meet the following requirements:
- Be registered in the Pasep program for at least 5 years;
- Having received, in 2018, an average of 2 minimum wages;
- Have worked for at least 30 days in 2018.
- Have all data correctly entered in the Annual Social Information Report – RAIS.
The amounts received by Pis will be paid by Box and Pasep by Bank of Brazil. Learn more about all the news in Brazil and around the world clicking here.
