PIS/PASEP 2020, learn the rules and how to withdraw
PIS/PASEP 2020, the Social Integration Program and the Public Servant Asset Formation Program, have new values in 2020.
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However, many workers feel lost and unsure whether they are eligible for the benefit or not. Indeed, it's important to always be vigilant about the rules and your balance.
Keep reading and find out everything about the new PIS/PASEP 2020 rules and how to withdraw.
How will PIS/PASEP 2020 work?
First, these two Federal Government programs share the same function. The difference is that PIS is a benefit aimed at private company employees, while PASEP is for public employees.
Who is entitled to PIS 2020?
Above all, PIS annually serves thousands of workers with formal employment contracts and practically functions as a 14th salary.
But, to be entitled to this extra money you need to follow some rules, check here who are the people who are entitled to receive PIS 2020:
- Employees of private companies who have been registered with PIS for more than 5 years;
- Anyone who was hired with a record of a maximum of 2 minimum wages per month;
- Citizens who worked at least 30 consecutive days in the base year, with a record in their employment record;
- The employer must provide all data to the Government for the withdrawal to be made.
Who is entitled to PASEP 2020?
Likewise, the Civil Servant Asset Formation Program, PASEP, also falls under the salary bonus category, but this modality is only aimed at public servants.
Therefore, to receive these benefits you must meet the following rules:
- You must have a salary of up to 2 minimum wages;
- Be registered in the PASEP program for more than 5 years;
- Have worked in the base year for more than one month.
It is worth remembering that public employees registered in the program before the enactment of the current Federal Constitution are also part of the PASEP 2020 quota holders.
New PIS/PASEP value 2020
Certainly, in this year of 2020, due to the adjustment of the minimum wage, PIS/PASEP 2020 will have a new value.
Therefore, the new maximum value for the benefit will be R$1039.00, however, to receive this money in full the employee must have worked for at least 12 months in the base year.
Another point is that for those who did not complete the 12 months worked, this amount with the adjustment will be divided into months proportional to the time worked.
How do I withdraw my benefit?
In summary, the PIS/PASEP 2020 salary bonus is granted by Caixa Econômica Federal.
Therefore, withdrawals of these amounts can be made through bank branches, Caixa Aquí correspondents and also at lottery outlets.
On the other hand, those who have a current account at Box or savings account the benefit is deposited into the customer's account automatically on the date specified in the payment schedule.
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