What is PIS/Pasep?
The PIS/Pasep Fund, unified in 1975 by Complementary Law No. 26, aims to raise resources to contribute to the well-being of salaried workers in the public or private sector.
Although PIS/Pasep has retained the same name, the collected funds are currently stored in the FAT (Worker Support Fund) , the body responsible for managing social benefits related to Unemployment Insurance and Salary Bonus.
In summary, we have:
PIS
The Social Integration Program (PIS) was created by Complementary Law No. 7/1970. When it was created, the program aimed to integrate private sector employees with the development of the company.
Through the PIS benefit, workers in private sector companies receive certain benefits and contribute to the development of companies in this sector.
The payment of PIS (Social Integration Program) is the responsibility of Caixa Econômica Federal (Brazilian Federal Savings Bank).
PASSEP
In the same year, together with PIS, the Public Servant Assets Training Program was created, through nº 8/1970.
At the time of its creation, the Union, States, Municipalities, Federal District and territories contributed to the fund intended for public sector workers ( civil servants ).
The payment of PASEP is the responsibility of Banco do Brasil.
Who is entitled to receive PIS/Pasep 2022?
Brazilian workers who are salaried employees, whether in the public or private sector , are entitled to receive the PIS/Pasep benefit in 2022.
The following requirements are:
- Be registered for at least 5 years;
- Have a work contract for at least 30 days in the base year (for 2022 the base year is 2020);
- Have received an average of up to 2 minimum wages during this period.
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