Understand what PIS is and how it benefits workers
O Social Integration Program (PIS) is a Brazilian social program created in the context of the military regime, in 1970, through Complementary Law No. 7/1970.
Initially, its creation was intended to main objective integration The role of the employee in the life and development of companies.
At the time, the government sought to encourage worker participation in company profits and results as a way of... economic stabilization and social development.
Objective of PIS
O main objective of PIS Its purpose is to promote the integration of workers into the life and development of companies, as well as to finance the payment of unemployment insurance and the wage bonus. In short, the objectives of PIS include:
This was originally done through the distribution of PIS-PASEP Fund quotas to workers.
Part of the funds raised with the PIS It is geared towards social programs and investments.
PIS is also a source of funding for these programs that benefit workers during times of unemployment or low income.
How PIS works
O PIS It is funded by companies, which contribute a percentage of their employees' payroll.
This contribution is earmarked for the Workers' Support Fund (FAT), which is the body responsible for paying unemployment insurance and the salary bonus.
The salary bonus is one of the main ways in which workers... They benefit from the PIS program.
It consists of an annual payment, proportional to the worker's length of service and salary, intended to supplement income and encourage continued formal employment.
Furthermore, PIS also contributes to the financing of social programs, such as Bolsa Família, the Student Financing Program (FIES), and the Unemployment Insurance Program.
In 2019, the PIS/PASEP reform was approved, allowing workers to withdraw the balance from their PIS accounts, facilitating access to resources accumulated over the years.
