PIS/Pasep Shares: Who Can Withdraw and the Deadline

This page is a translation of the original Portuguese text, provided for convenience. It deals with Brazilian law. If there is any discrepancy, the Portuguese version prevails. Read the original in Portuguese

Caixa (Caixa Econômica Federal, Brazil’s federal savings bank) has begun paying a new batch of shares from the old PIS/Pasep fund. The money belongs to people who worked from 1971 to 1988 and can reach nearly R$ 2,9 thousand per person. To claim it, you must submit a request through the Repis Cidadão portal, and the final deadline is September 2028.

What the Old PIS/Pasep Fund Shares Are

The Social Integration Program (PIS) and the Public Servant Asset Formation Program (Pasep) were created in the early 1970s by Complementary Law No. 7/1970 and Complementary Law No. 8/1970. Under that model, part of the funds was deposited into individual accounts, building up savings that supplemented the income of private-sector workers and public servants.

This design lasted until 1988, when the Constitution replaced the share system with the annual salary bonus (abono salarial) that exists today. The individual accounts, however, kept their balances. Anyone who never withdrew that money was left with an open credit, even though many people did not know it existed.

In 2020, the fund was dissolved, and the unclaimed amounts were transferred to the Length-of-Service Guarantee Fund (FGTS) and then to the National Treasury. The government has now reopened the door to withdrawals, as long as the person makes a request. One point is worth stressing because it confuses many people: these shares have nothing to do with the salary bonus paid every year.

Who Is Entitled to Withdraw the Money

The right applies to a specific group of people tied to the period when the share fund was operating. As a rule, you can request the money if you fall into one of the situations below.

• Workers with a formally registered job between 1971 and 1988;
• Public servants who worked during the same period;
• Heirs or legal dependents, when the account holder has already died.

The average amount paid in this round is between R$ 2,8 thousand and R$ 2,9 thousand, depending on length of work and the salary at the time. It is not a standard sum, because each account holds the balance accumulated over the years of participation in the program. As a result, two people who worked different periods can receive very different amounts.

For much of the social security public, this news has practical weight. Most people who worked in the 1970s and 1980s are now retired or close to it. They are the same insured people who follow the payment calendar of INSS (Brazil’s National Social Security Institute), and who now have an additional, forgotten amount waiting to be withdrawn.

If you worked from 1971 to 1988, you may have a forgotten balance of nearly R$ 2,9 thousand waiting to be withdrawn until September 2028.

Before celebrating, you need to confirm that there is a balance. Not every worker from that period has a share to receive, and the system only releases money to those who actually accumulated funds in the program. Fortunately, checking is simple and free.

How to Check Your Balance and Request Payment

You check through the Repis Cidadão portal, logging in with a Gov.br account at the silver or gold level. After entering your CPF (Brazil’s individual taxpayer registry number) and password, you provide your PIS/Pasep number or NIS (Social Identification Number) and click search. The system then shows whether any amount is available and how to proceed. You can also check through the FGTS app.

Once the balance is confirmed, you can request payment in two ways. In the FGTS app, simply open the “Mais” menu, choose “Ressarcimento PIS/Pasep,” upload your documents, and track the progress. The other option is a Caixa branch, bringing an official photo ID.

Payment is made by deposit into an account. If you do not have a Caixa account, you automatically receive a digital social savings account, managed through the Caixa Tem app. If you have questions, Caixa provides support at 0800-726-0207, customer service (SAC) at 0800-726-0101, and the Ombudsman at 0800-725-7474, as well as its official website. Digital access to the money follows the same logic as other public services, as shown in the guide on Meu INSS services that do not require a password.

What Changes for Insured Workers

From a legal standpoint, the shares of the old PIS/Pasep fund are the worker’s property, not a favor from the government. The balance accumulated in the individual accounts became part of each holder’s assets over the years of employment. The transfer to the Treasury in 2020 did not erase that right. It only changed where the money was held and created the requirement of a request to withdraw it.

In practice, this means you have to act. Unlike the salary bonus, which is credited almost automatically, here payment happens only after a request. If you do not ask, the credit will stay idle, with no individual notice. The advice is to check your balance as soon as possible and gather your personal documents to avoid repeated trips.

There is also a detail that often goes unnoticed. The amount has no connection to any social security benefit. Withdrawing your PIS/Pasep share does not change your retirement benefit, does not count as income for purposes of a benefit review, and does not interfere with other INSS payments. They are parallel rights, each with its own origin and rules.

Heirs and the Right of Succession

When the account holder has already died, the credit is not lost. Under the principle of saisine, set out in Article 1.784 of the Civil Code, an inheritance passes to the heirs at the moment of death, and the PIS/Pasep balance is part of that estate. For this reason, children, spouses, and other heirs can request payment on behalf of the deceased.

Caixa requires a few documents for this. The heir must present an identification document, a certificate proving dependent status or a court authorization, and proof of the relationship with the account holder. In families with probate under way, it is worth checking whether the credit was included in the division of assets, since it forms part of the deceased’s estate.

This is an area that deserves the attention of anyone handling family matters. Before filing the request, it helps to understand who the heirs are and how the division works in an inheritance, so that the money reaches the right people and does not cause conflict among relatives.

Payment Schedule and Final Deadline

Release of the money follows the date on which the request was made. The batch paid on June 25, 2026 covers those who requested reimbursement by May 31. The next batches follow the sequence announced by Caixa, always linking the request date to the month of payment.

• Request by 30/06/2026, payment on 27/07/2026;
• Request by 31/07/2026, payment on 25/08/2026;
• Request by 31/08/2026, payment on 25/09/2026;
• Request by 30/09/2026, payment on 26/10/2026;
• Request by 31/10/2026, payment on 25/11/2026;
• Request by 30/11/2026, payment on 28/12/2026;
• Request by 31/12/2026, payment in January 2027.

There is a limit that cannot be ignored. You can request the withdrawal until September 2028. After that deadline, the amounts will be permanently absorbed by the National Treasury, with no possibility of withdrawal. In practice, this is a deadline for exercising the right: once the date passes, the credit is no longer available to the worker or the worker’s family.

If you worked during that period and still keep a close eye on your social security situation, it is worth adding this check to your routine of dealing with INSS, just as people do when reviewing the rules on working while retired. Checking your balance now prevents the loss of money that, by origin, belongs to the worker.

Frequently Asked Questions

Are PIS/Pasep shares the same thing as the salary bonus?

No. The salary bonus is an annual payment for people who meet the income and work-time requirements in the base year. The shares, by contrast, are balances from an old fund built between 1971 and 1988 in individual accounts. That fund was dissolved in 2020, and the unclaimed amounts went to the National Treasury. They are distinct rights, each with its own origin, purpose, and rules, and withdrawing one does not affect the other.

If I only worked after 1988, do I have anything to receive?

Not in this share format. The individual assets of the old fund were accumulated only until 1988, when the model changed. If you started working after that date, you take part in the current salary bonus but do not hold a share in the old fund. For that reason, checking on the Repis Cidadão portal is the safest step, since the system immediately shows whether there is a balance linked to your CPF, sparing you from wasting time on an amount that may not exist in your case.

Does withdrawing the shares affect my retirement or other INSS benefits?

No. The value of the shares is independent of any social security benefit. Receiving this money does not change the calculation of your retirement benefit, does not count as income for a benefit review, and does not suspend INSS payments. It is the worker’s own property, with a nature different from a social security benefit. If you are entitled to it, you can withdraw it without fear of harming your retirement, your pension, or any other benefit you already receive from the institute.

As informações deste artigo são de caráter informativo e não substituem consulta jurídica individualizada. Cada caso possui particularidades que exigem análise específica.