To alleviate the family economy affected by the consequences of the COVID-19 pandemic, the Plenary of Congress approved the withdrawal of 100% of the Compensation for Time of Service (CTS). The opinion obtained 107 votes in favor, 1 against and 2 abstentions. The measure was exonerated from the second vote.
This approval comes after the Labor and Social Security Commission of the Congress of the Republic approved the prediction made in bills 1116/2021-CR, 1188/2021-CR and 1344/2021-CR, which provide for the free use of Compensation for Time of Service.
The substitute text indicates that workers can make use of 100% of their deposits until December 31, 2023 and it is given “in order to cover the economic needs caused by the COVID-19 pandemic″.
The autograph on the withdrawal of the CTS will pass to the Executive Power for its evaluation: if it observes it or accepts it.
Previously, the provision of the CTS. The first through Emergency Decree 033-2020, which allowed two withdrawals of up to S/ 2,400 each, and the second through Law No. 31171, in which workers had 100% of their deposits available until December 31. December 2021.
How to calculate the CTS?
To find out how much you will receive for CTS in Maythe portal Good Comparison Explain:
- Take into account your monthly salary, then add 1/6 of your bonus (divide your bonus by six).
- that amount, divide it by 360 and then multiply it by the working days (for the entire semester, that would be 180).
For example, with a basic salary of S/ 1,500:
- 1/6 bonus: S/ 250
- base salary plus 1/6 of gratification: S/1,500 + S/250 = S/1,750
- salary more 1/6 bonus between 360 days: 1,750/360 = 4.86
- Amount previously obtained by number of days worked (if you worked a full semester, it is multiplied by 180) = 4.86 * 180 = S/874.8
- So, for the example, what you will receive from CTS would be S/ 874.8 approximately.
How much is the fine for companies if they do not deposit the CTS?
To determine the amount of the fine, in addition to the sector to which the company belongs, the number of affected workers is taken into account, considering the ITU as a base (S/ 4,600 in force in 2022), Puntriano said.
The fines for micro and small companies registered in Remype may not exceed 1% of the net income received in the fiscal year prior to the generation of the inspection order in the same sanctioning procedure. That is, it ranges from S/ 506 to S/ 2,070.
While for small businesses the sanction is from S/ 2,070 to S/ 20,700.
For large companies, the fine ranges from S/ 7,222 to S/ 120,152.
The current labor fine scales were approved by the Supreme Decree No. 008-2020-TR.
