Has the Fourteenth Salary been approved? Who is entitled to it?

Have you heard of the fourteenth salary? After almost two years in the making, has the project been approved? Read on to find out!

About the project

The project was presented in August 2020 by Pompeo de Mattos (PDT/RS). The summary states that an annual bonus should be created for the years 2020 and 2021 in favor of retirees and pensioners of the National General Social Security Regime.

The purpose of the benefit was to help this group offset expenses resulting from the pandemic.

However, amidst so many twists and turns, with more returning to square one, the PL 4367/2020 It remains stalled, awaiting the creation of a temporary committee by the Board.

In other words, for it to be approved, it still needs to go through the plenary session and be voted on in the Senate, and then proceed to President Jair Bolsonaro for his signature.

The good news is that the project has already received the opinion of the rapporteur, Deputy Ricardo Silva (PDT/SP), and is ready for voting in the CCJC.

When will the fourteenth salary be paid?

The estimate was that it would be paid in two installments, one for the years 2020 and one for 2021. The first installment would be due in March 2022 and the other in March 2023.

However, since it is still at a standstill, there is no longer a forecast for... When will the fourteenth salary be paid?

Who is entitled to the benefit?

This benefit is intended for a specific group, which includes people who receive:

Any retirement;
Sickness benefit;
Accident benefit;
Maternity pay;
Survivor's pension;
Prisoner's allowance.

Therefore, if you fall into this category, you will right to a 14th salary.

Unfortunately, the BPC/LOAS beneficiaries They are excluded from receiving this benefit.

What is the value of the fourteenth salary?

If you receive minimum wage, the amount of your benefit will be equal to your current salary of R$1,212.00.

However, if you receive an amount higher than the minimum wage, you are entitled to the equivalent of one minimum wage plus a proportional increase, but limited to a maximum of two minimum wages.

In other words, the value of the fourteenth salary could reach up to R$2,424.00 if it is paid in 2022.

If it is paid in 2023, it will follow the value of the current minimum wage.

Has the 14th salary been approved?

No. The 14th salary was not approved. Furthermore, there is no indication of when it will be voted on, but it remains under consideration.

How to get a fourteenth salary?

Have you ever thought about having your own thirteenth or fourteenth salary at the end of the year and not having to depend on politicians' approval?

Did you know you can plan your own benefit? We know things aren't easy and achieving this feat can be very difficult.

However, it is important to make some sacrifices in order to be rewarded at the end of each year.

The ideal way to receive a 14th salary every year is to plan and save every month, from January to December, so you can withdraw your private benefit.

See below for a step-by-step guide that can help you!

#Define how much you want to withdraw from your tenth payment.

First, you need to decide how much you want to receive from fourteenth salaryOne of the advantages is that you may receive more than you would if the benefit amount were approved by the government.

However, you can use the current minimum wage as a basis.

# Have a purpose

Saving money just for the sake of saving isn't interesting and won't help you develop motivation and discipline. You need to define a goal, have a purpose that motivates you.

What do you want to do with the money you've saved? You could, for example:

To pay off a debt;
Clear your name;
Travel;
Buying a new piece of furniture
To use as a down payment to acquire an asset;
Buying Christmas presents for the whole family.

# Decide how much you need to save.

Divide the amount you want to receive at the end of the year by the 12 months of the year; this way, you'll know exactly how much you need to save each month.

For example, if you want to receive an extra minimum wage, you will have to save R$101.00 every month, that is, from January to December.

However, consider whether this amount will be sufficient to cover your goal; if not, save a corresponding amount.

# Start saving

Now that you've defined your goals and the exact amounts to save, put the plan into action and start saving monthly.

However, the smartest alternative is to keep it where it generates returns. If you don't want to invest this money, which would be more appropriate, you can leave it in a digital account with automatic interest payments.

Currently, one of the digital accounts that yields the highest returns is... PicPayIn it, your money earns up to 102% of the CDI.

The second alternative is 99 PayInvestments up to R$500.00 yield up to 220% of the CDI rate. However, above that amount, it yields only 100% of the CDI rate.

Finally, the third suggestion is to save your money using Nubank's "Save Money" feature with scheduled withdrawals.

In this function, your money can earn higher returns than the CDI (Brazilian Interbank Deposit Certificate). Money held in digital accounts is protected by the Credit Guarantee Fund.

Furthermore, they are available for use whenever you wish; however, to withdraw a full fourteenth salary, ideally you should wait until the end of the year.

To understand more about the subject, read our text. Which digital account makes the most money?

Conclusion

As we can see, the fourteenth salary not yet It received approval. Furthermore, there is no indication whatsoever of when it will go to a vote.

Therefore, for now, it's best not to rely on this benefit.

However, you can put our tips into practice to have some extra cash at the end of the year to use as you wish.

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Nara

Writer and aspiring Virtual Assistant. Passionate about the Digital Financial Market and its various aspects. Certified by Rock Content and HubSpot. ANBIMA student.

September 9, 2022