Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Brazil May Share FGTS Profit With Workers, O Globo Reports

Nov. 20 (Bloomberg) -- Brazil’s government may share 50 percent of the profit of the workers’ compensation fund, known as FGTS, with its holders, O Globo reported, citing documents from Caixa Economica Federal, the state-controlled bank that manages the fund.

The measure has the support of the Labor ministry, the Rio de Janeiro-based newspaper said. FGTS had 217 billion reais ($121.5 billion) and 90 million accounts in activity as of the end of 2010, O Globo reported.

Link to Company News: {CEFN3 BZ <Equity> CN <GO>}

To contact the reporter on this story: Maria Luiza Rabello in Brasilia at mrabello@bloomberg.net.

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.