During a ceremony for the signing of a Provisional Measure that allows the withdrawal of up to R$ 500.00 from FGTS, the President of the Republic, Jair Bolsonaro, commented that the government is “returning to workers the right to withdraw their money that is in FGTS and PIS/PASEP.”
“We are ensuring more freedom for the worker to decide what to do with their money.” The release will take place between 
September and March of next year.
According to the president, the initiative should help many families pay off debts. “Today we know that there are 63 million Brazilians with overdue debts at Serasa. Many families have overdue water, electricity, and gas bills. Thinking about our people, the immediate withdrawal of R$ 500 per account is focused on the poorest,” said Bolsonaro.
The immediate withdrawal affects 96 million workers, a number four times greater than that recorded two years ago when the government released the withdrawal of inactive accounts. About 80% of the existing accounts in FGTS have a balance of up to 500 reais. Currently, there are 260 million accounts linked to the Fund.
The Secretary of Economic Policy of the Ministry of Economy, Adolfo Sachsida, reminded that the measure benefits the poorest segment of the population. “81% of FGTS accounts have less than R$ 500. Therefore, 81% of the accounts are completely satisfied 
with what we have released. This means that 54.7 million Brazilians will have the right to take all the money they have in the Guarantee Fund,” said the secretary.
The Provisional Measure also creates a new withdrawal modality, which will allow workers to withdraw a portion of their FGTS every year in the month of their birthday. This is the birthday withdrawal, with optional enrollment. The government also announced that there will no longer be a deadline for workers to withdraw money from PIS/Pasep. Withdrawal for heirs will also be facilitated.
The new FGTS and the release of PIS/Pasep represent an injection of R$ 42 billion into the economy in 2019 and 2020 and have the potential to benefit 96 million workers.
Source: www.brasil.gov.br