Flash News NA 28/02/2024
Amends to the legal regimes of the Labour Compensation Fund and the Labour Compensation Guarantee Fund in Portugal
The legal regimes of the Work Compensation Fund (FCT) and the Guarantee Fund for Work Compensation (FGCT) have changed with the publication of DL 115/2023, of December 15th.
Regarding the FCT, the changes are profound, highlighting the definitive cessation of some of the employers' obligations, including making deliveries to the Fund, the extinction of employers' debts to the FCT and the change of the purposes for which it can be mobilized. Following these changes, the Fund will no longer be structured around individual registration accounts per employee, which will merge into a single global account per employer.