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movimentação de FGTS

English translation: employee\'s severance indemnity fund withdrawals


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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Portuguese term or phrase:movimentação de FGTS
English translation:employee\'s severance indemnity fund withdrawals
Entered by: Lilian Magalhães
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02:25 Jan 12, 2012
Portuguese to English translations [PRO]
Law/Patents - Law: Contract(s) / contrato social
Portuguese term or phrase: movimentação de FGTS
Despedida e punição de empregados, liberação e movimentação de FGTS e outros previdenciários, quitações e rescisões trabalhistas, representação perante entidades sindicais, previdenciárias e órgãos do Ministério do Trabalho;
Lilian Magalhães
Local time: 08:05
employee's severance indemnity fund withdrawals
Explanation:
redundancy payment is being dismissed due to excess of personnel; it does not exist in Brazil. FGTS is to indemnify the employee unfairly dismissed by the employer in Brazil.

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Note added at 7 hrs (2012-01-12 09:59:28 GMT)
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Sorry: redundancy payment is for being dismissed...
Selected response from:

vertebem
Brazil
Local time: 08:05
Grading comment
thanks
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1employee's severance indemnity fund withdrawalsvertebem
4 +1redundancy fund wthdrawals
Martin Riordan


  

Answers


1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
redundancy fund wthdrawals


Explanation:
FGTS - Fundo de Garantia de Tempo de Serviço. It is a redundancy fund held in the employee's name by the Caixa Econômica Federal to which the employer contributes 8% of the employee's gross salary per month. The employee can access the money if he is made redundant or in some other circumstances. "movimentação" would refer to withdrawals, as the only other "movimentação" is the monthly deposit by the employer.

Martin Riordan
Brazil
Local time: 08:05
Specializes in field
Native speaker of: Native in EnglishEnglish, Native in PortuguesePortuguese
PRO pts in category: 118

Peer comments on this answer (and responses from the answerer)
agree  Denis Paolillo: withdrawals are allowed if you are fired, if you have a terminal disease (there's a list), if you're buying real state and when you retire. There are some exceptions in which the giv may allow withdrawals.
6 hrs
  -> Thanks, Denis!
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7 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
employee's severance indemnity fund withdrawals


Explanation:
redundancy payment is being dismissed due to excess of personnel; it does not exist in Brazil. FGTS is to indemnify the employee unfairly dismissed by the employer in Brazil.

--------------------------------------------------
Note added at 7 hrs (2012-01-12 09:59:28 GMT)
--------------------------------------------------

Sorry: redundancy payment is for being dismissed...

vertebem
Brazil
Local time: 08:05
Specializes in field
Native speaker of: Native in PortuguesePortuguese
PRO pts in category: 8
Grading comment
thanks

Peer comments on this answer (and responses from the answerer)
agree  silvia367325
1 hr

neutral  Martin Riordan: Redundancy: "A dismissal of an employee from work for being no longer necessary; a layoff." - The Free Dictionary. Workers are dismissed when no longer needed or cannot be kept on. Brazilian law says this is unjust, others call it market forces.
1 hr
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