Every Brazilian worker with a formal employment contract governed by the Brazilian Labour Code (Consolidagdo das Leis do TVabalho, CLT) is eligible to FGTS. To constitute this fund, the employer deposits 8% of the worker’s monthly eamings into a saving account in the worker’s name (2% for fixed-term workers). Moreover, workers with more than three months of tenure are entitled to an indemnity based on the total amount deposited by the employer in their FGTS account.