fundo de garantia do tempo de serviço

The Service Time Guarantee Fund (FGTS) is a Brazilian labor law, a compulsory savings made by the employer on behalf of the employee. Currently, the FGTS is in the spotlight due to government plans to allow workers to use up to 20% of the balance to pay off debts. This measure is part of the launch of "Desenrola 2.0", which should release around R$4.5 billion from the fund for this purpose. Traditionally, the FGTS is accessed in specific situations such as unfair dismissal, property purchase or retirement.