What is PIS/Pasep?
PIS/Pasep is the result of a unification of funds Social Integration Program – PIS and Public Servant Heritage Training Program – Pasep.
Until 04/10/1988, employers could make contributions that were received by the PIS/Pasep Participation Fund, which then distributed amounts to employees, as quotas proportional to salary and length of service.?
Since then, PIS-PASEP has not included collections for individual accounts.
The art. 239 of the Federal Constitution changed the destination of resources from contributions to PIS/Pasep, which were then collected by the FAT – Workers Support Fund.
The FAT pays for the Unemployment Insurance Program, the Salary Allowance and the financing of Economic Development Programs by the National Bank for Economic and Social Development – BNDES.
In summary, we have the following definitions:
PIS
The Social Integration Program was created by Complementary Law No. 7/1970. The program, at the time of its creation, integrated private sector employees with company development.
With PIS, private company workers have access to benefits and thus contribute to the development of companies in the sector.
Payment of PIS is the responsibility of the CEF.
PASSEP
Also in the same period, the Public Servant Assets Formation Program was created, through Complementary Law No. 8/1970.
The Union, States, Municipalities, Federal District and territories then contributed to the fund that was destined for public sector workers (public servants).
PASEP payment is the responsibility of the Bank of Brazil.?
Reasons for?? withdraw PIS/Pasep
The amounts that were deposited in the PIS/Pasep fund, then distributed by companies to workers who were registered in the program between 1970 and 1988, will be available for withdrawal as soon as the payment calendar starts, regardless of the holder's birthday.
Stopreceive the benefit, it is necessary to meet at least one of the following reasons provided for by law:
- All beneficiaries, in accordance with Law 13.932/2019;
- Retirement;
- Age equal to or greater than 60 years;
- Disability (of the participant or dependent);
- Transfer to paid reserve or retirement (in the case of the military);
- Elderly and/or disabled person reached by the Benefit of Continued Provision;
- Malignant Neoplasia – Cancer – (participant or dependent);
- SIDA/AIDS (of the participant or dependent);
- Diseases listed in Interministerial Ordinance MPAS/MS 2.998/2001 (participant or dependent);
- Death of the participant (situation in which the account balance will be paid to the holder’s dependents or successors);
- Events 27 – Housing Construction/Renovation and 43 – Marriage, which also allowed withdrawal of Quotas, were extinguished with Complementary Law No. 26/1975 and the 1988 Constitution, respectively.
If the beneficiary can prove one of the reasons mentioned above, they may receive PIS/Pasep payment at any time, with the exception of reasons by age which will have the payment date announced soon.
What documents are needed to withdraw PIS/Pasep?
One of the following documents will be required:
• ID card;
• Driver's License (new model);
• Employee Card recognized by Decree;
• Military ID;
• Foreigners Identity Card;
• Passport issued in Brazil or abroad.
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