PIS/PASEP is an important benefit for millions of Brazilian workers. Many people do not know how it works, who is eligible or when they can withdraw it.
Therefore, in this article, we will explain everything clearly and simply.
If you've heard about PIS/PASEP, but never really understood what it is, you're in the right place!
What is PIS/PASEP?
PIS (Social Integration Program) and PASEP (Public Servant Asset Formation Program) are two different programs, but they have similar purposes.
PIS is intended for private sector workers, while PASEP is aimed at public servants.
These programs were created with the aim of ensuring that workers have access to benefits such as salary bonuses and participation funds, functioning almost as an “extra” to supplement income.
Who is entitled to PIS/PASEP?
To be eligible for PIS/PASEP, you must meet some basic criteria. Below are the requirements for receiving it:
- Be registered with PIS/PASEP for at least five years.
- Have worked with a signed contract for at least 30 days in the previous year.
- Receive, on average, up to two minimum wages.
- Have the data correctly informed in the RAIS (Annual Social Information Report).
Difference between PIS and PASEP
Although often treated as a single benefit, PIS and PASEP have some fundamental differences:
- PIS: Paid by Caixa Econômica Federal, intended for private sector workers.
- PASEP: Paid by Banco do Brasil, intended for public servants.
How do I check my PIS/PASEP balance?
Checking your PIS/PASEP balance is very simple and can be done in several ways. In the case of PIS, you can check the balance directly on the website Federal Savings Bank or by the app Worker Cashier.
For PASEP, the consultation is done through the website Bank of Brazil or at a physical agency.
PIS/PASEP payment schedule
PIS and PASEP payments follow an annual calendar that varies according to the worker's month of birth (in the case of PIS) or the PASEP registration number.
Let's take a look at the latest payment schedule:
PIS Payment Table 2024
| Month of birth | Payment date |
|---|---|
| January | 15/01/2024 |
| February | 15/01/2024 |
| March | 15/02/2024 |
| April | 15/02/2024 |
| May | 15/03/2024 |
| June | 15/03/2024 |
| July | 15/04/2024 |
| August | 15/04/2024 |
| September | 15/05/2024 |
| October | 15/05/2024 |
| November | 15/06/2024 |
| December | 15/06/2024 |
PASEP 2024 Payment Schedule
| End of Registration | Payment date |
|---|---|
| 0 | 15/01/2024 |
| 1 | 15/02/2024 |
| 2 | 15/03/2024 |
| 3 | 15/04/2024 |
| 4 | 15/05/2024 |
| 5 | 15/06/2024 |
| 6 and 7 | 15/07/2024 |
| 8 and 9 | 15/08/2024 |
PIS/PASEP value
The amount of the benefit depends on the worker's length of service in the base year. Those who have worked the full 12 months receive the full amount of the minimum wage.
For those who worked less time, the amount is proportional to the months worked.
For example, if you worked for six months with a signed employment contract, you will be entitled to half the minimum wage.
How to withdraw PIS/PASEP?
To withdraw PIS, private sector workers must go to a Caixa Econômica Federal branch, lottery shops or Caixa Aqui ATMs, with the Citizen Card in hand.
In the case of PASEP, withdrawals are made at Banco do Brasil, upon presentation of an official document with a photo.
What happens if I don't withdraw my PIS/PASEP within the deadline?
If the worker does not withdraw the PIS/PASEP within the established deadline, the amount returns to the Workers' Support Fund (FAT), and he loses the right to the benefit for that year.
However, you may receive it in the next calendar year, as long as you continue to meet the eligibility criteria.
Salary bonus and PIS/PASEP
The salary bonus is one of the benefits linked to PIS/PASEP. It is paid annually to workers who meet the criteria mentioned above.
The amount can reach up to a minimum wage, and is a form of financial incentive for workers who receive low wages.
How to correct errors in the PIS/PASEP registration?
Many people end up having problems withdrawing PIS/PASEP due to errors in their registration, generally related to the lack of updated data.
If you notice that something is wrong, the solution is to contact your company's HR department or, in the case of PIS, a Caixa Econômica branch, to check what needs to be adjusted. RAIS.
PIS/PASEP and FGTS: What is the relationship?
Although many people confuse PIS/PASEP and FGTS (Guarantee Fund for Length of Service) are different benefits.
PIS/PASEP is related to the salary bonus, while FGTS is a worker's right related to the monthly deposit made by the employer.
Inactive PIS/PASEP: what to do?
In some cases, workers may notice that their PIS or PASEP is inactive. This can occur for different reasons, such as not having updated their registration or not having worked with a signed employment contract recently.
To resolve this, the worker needs to update their data and, in some cases, contact Caixa or Banco do Brasil.
Conclusion
Understanding how PIS/PASEP works is essential to avoid losing this important right. Many workers fail to withdraw their benefits simply due to a lack of information.
Now that you know everything about the subject, you can follow the calendar, check your data and ensure that everything is in order to receive your salary bonus.
