Hello! Welcome to our blog. Today, we’re going to talk about an important update for workers and companies: the Worker Credit, a feature now available in the Digital Work Card since March 12th of this year. If you are a CLT-registered employee or an employer, this article is for you!
For the Employee: Easier Access to Credit
The Worker Credit is a new type of payroll-deductible loan accessible directly through the Digital Work Card.
Who is eligible?
CLT-registered employees with an active work contract who fall under one of the following eSocial categories may be eligible: 101, 102, 104, and 721. These categories include general employees, short-term rural workers, domestic workers, and individual contributors like non-employee directors with FGTS.
What are the eligibility criteria?
To apply for the credit, employees must meet a few important criteria:
- Not have another active payroll-deductible loan.
- Have recorded remuneration in the previous month’s payroll.
- Not be on leave.
How does the application process work?
The process is simple and done through the Digital Work Card. You will be able to:
- Run simulations with average interest rates.
- Receive offers from various financial institutions within 24 hours.
- Choose the best offer and proceed with the loan agreement.
Once the loan is contracted, the installments will be deducted directly from your paycheck. This deduction is limited to 35% of your net salary, after deductions for INSS, income tax (IRRF), and alimony, if applicable. If the full deduction cannot be made within this limit, you will be notified to pay the remaining balance directly to the financial institution.
For the Employer: New Obligations and Standardized Processes
Attention, employer! With the implementation of the Worker Credit, new responsibilities arise for your company. The entire process of contracting, registering, and submitting payroll deduction information has been redesigned and standardized, regardless of the financial institution.
Managing Deductions:
Two government portals will be used to manage these deductions:
- DET (Domicílio Eletrônico Trabalhista): where notifications of loans contracted by your employees will be sent each month.
- Emprega Brasil – Employer Portal: where the file with the deduction amounts for payroll will be made available monthly.
To access these platforms, a power of attorney will be required, and it’s essential to keep your company’s registration up to date.
Payment of Deducted Amounts:
The payment of amounts deducted from employees will be made through the Digital FGTS document, along with other amounts due for the month. It is crucial to pay attention to payment deadlines, as in case of delay, it will not be possible to recalculate the document. The company will need to contact the financial institutions individually to settle the debt, and the delay may be considered misappropriation. The financial institution may also charge the employee directly if the employer fails to register the loan.
In Summary:
The Worker Credit is a new way for eligible employees to access loans more easily, while also creating new responsibilities for employers. Stay tuned to government portals and keep your information up to date to ensure compliance with your obligations.
If you have more questions, count on ORGATEC for further clarification.