Caixa releases PIS/Pasep allowance for those born in March and April

Benefit

Payments take place from February 15th to August 15th

Around 3.8 million workers with a formal contract born in March and April can withdraw, from this Monday (15th), the value of the salary bonus from the Social Integration Program (PIS) and the Social Equity Formation Program. Public Servant (Pasep) in 2024. The amount is available in the Digital Work Card application and on the Gov.br Portal.

In total, Caixa Econômica Federal will release R$4 billion this month. Approved at the end of last year, the release calendar follows the worker’s month of birth, in the case of PIS, or the final Pasep registration number. Payments take place from February 15th to August 15th.

This year, around R$27 billion can be withdrawn. According to the Deliberative Council of the Worker Support Fund (Codefat), the 2024 salary bonus will be paid to 24.87 million workers across the country. Of this total, 21.98 million work in the private sector and will receive the PIS bonus and 2.89 million public servants, state employees and the military are entitled to Pasep.

PIS is paid by Caixa Econômica Federal and Pasep by Banco do Brasil. As is traditionally the case, payments will be divided into six batches. Withdrawals can be made from the day the batch is released until December 27, 2024. After this period, you will need to wait for a special call from the Ministry of Labor and Social Security.

Salary bonus payment schedule in 2024 – Art/EBC

Pasep withdrawal – Art/Brazil Agency

Who is entitled

Workers registered with PIS/Pasep for at least five years, and who have formally worked for at least 30 days in the base year considered for calculation, with an average monthly remuneration of up to two minimum wages, are entitled to the benefit. It is also necessary that the data has been correctly reported by the employer in the Annual Social Information Report (Rais).

The value of the bonus is proportional to the period in which the employee worked with a formal contract in 2022. Each month worked is equivalent to a benefit of R$117.67, with periods equal to or greater than 15 days counted as a full month. Anyone who worked for 12 months with a formal contract will receive the full minimum wage, R$1,412.

Payment

Private sector workers with a checking or savings account at Caixa will receive credit automatically at the bank, according to the month of their birth.

The other beneficiaries will receive the amounts through digital social savings, which can be used via the Caixa Tem app. If it is not possible to open the digital account, withdrawals can be made using the Citizen’s Card and password at self-service terminals, lottery units, Caixa Aqui or branches, also according to the payment schedule staggered by month of birth.

Payment of the Pasep allowance occurs through credit to an account for those who have an account or have savings at Banco do Brasil. Workers who are not BB account holders can make the transfer via TED to their account at the self-service terminals, at portal or at the branch cash desk, upon presentation of an official identity document.

Until 2020, the previous year’s salary bonus was paid from July of the current year to June of the following year. At the beginning of 2021, the Deliberative Council of the Worker Support Fund (Codefat) followed a recommendation from the Comptroller General of the Union (CGU) and started depositing the money just two years after working with a formal contract.

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PIS and Pasep, for those born in January, is released by Caixa