Deadline to Claim Old PIS/Pasep Money Ends on Wednesday
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A deadline is ending on Wednesday for workers in Brazil to claim old money from PIS/Pasep, a government savings program for workers.
The program holds old quotas, which are small amounts of money saved for individual workers in past decades. Many people never asked for this money and may not even know it exists.
According to the report, this is the final deadline to request a refund of these old quotas. After Wednesday, it may no longer be possible to claim the money.
People who worked in Brazil years ago are encouraged to check whether they have unclaimed quotas. This can usually be done through official government channels or banks that managed the program.
The news highlights that many workers forget about this kind of savings, especially if they changed jobs or have not checked their accounts in a long time.
Experts suggest that anyone unsure about their PIS/Pasep status should verify it before the deadline passes, since missing the date could mean losing access to the money permanently.
The report does not give exact figures on how much money is involved or how many people are affected, but it stresses the urgency of acting before Wednesday.
Workers are advised to act quickly, as this appears to be one of the last opportunities to recover these forgotten funds.
Vocabulary4 words
- PIS/Pasep
- a Brazilian government savings program for workers
- quotas
- small amounts of money saved for each worker
- deadline
- the last date something can be done
- refund
- money that is returned to a person
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Quiz
Answer key
1. The deadline to claim old PIS/Pasep money 2. Small amounts of money saved for individual workers 3. True
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Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
A deadline is ending on Wednesday for workers in Brazil to claim old money from _____.
The program holds old _____, which are small amounts of money saved for individual workers.
Many people never asked for this money and may not even know it _____.
This is the final _____ to request a refund of these old quotas.
After Wednesday, it may no longer be possible to claim the _____.
People who worked in Brazil years ago are encouraged to check whether they have _____ quotas.
This can usually be done through official government _____ or banks.
Workers are advised to act _____, as this appears to be one of the last opportunities.
Discussion questions
- Why do you think people forget about money saved in programs like this?
- Do you think governments should extend deadlines for claiming old money? Why or why not?
- Have you ever discovered forgotten money or savings? What happened?
- What steps would you take to check if you had unclaimed money?
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