Dossier
FGTS severance fund
Coverage of FGTS severance fund in the Nexus archive.
- Brazil Lets Workers Pledge Their Severance Fund for Cheaper Loans
Brazil allows formal workers to pledge up to 35% of severance pay, 100% of dismissal penalties, and 10% of their FGTS balance as collateral for payroll loans starting June 26. The policy aims to provide cheaper loans by using the FGTS severance fund as a guarantee.