Tag: severance fund

• Friday, July 26th 2019 - 09:53 UTC

  Brazil stimulus plan will allow workers to withdraw money from severance fund

  

  Brazil hopes to inject US$ 11.2 billion into its slowing economy after announcing a plan Wednesday to put some extra cash in the pockets of workers. Workers will be allowed to withdraw up to 500 reais (US$ 133) this year and a certain percentage in 2020 from a severance fund that employers are required to pay into.