Overview

• The FGTS Council is slated to vote today on a resolution limiting saque-aniversário advances to two active operations per year, each capped at R$500.
• The measure targets bank loans that let workers pledge many years of future birthday withdrawals, with offers reported at up to 12 years and across multiple contracts.
• The Labor Ministry advanced the proposal with backing from the construction sector, which seeks to free more FGTS resources for housing credit.
• From 2019 to 2025, saque-aniversário withdrawals reached R$75 billion in 135.9 million operations, while advance loans totaled R$102.9 billion across 334 million transactions.
• Roughly 21.5 million of 42 million active workers opted into the modality, which restricts access to full balances on dismissal and can be reversed only after two years; abolishing it would require legislation.