When can the CTS be removed?

On the last Wednesday, April 16, the Plenary of Congress approved by majority the 100% release of compensation for time of services (CTS) until December 31, 2026.

However, the norm that creates each of these spaces is still pending. This will vote separately.

This is a measure that did not go through the Economy Commission since the Board of Spokesmen of the Parliament agreed, with the signing of the majority of spokesmen, that is exempted from said parliamentary group.

It should be noted that this is an initiative that was questioned by institutions such as the Central Reserve Bank (BCR) and the Ministry of Economy and Finance (MEF), since the end for which this benefit that functions as an unemployment insurance was created is distorted.

When can it be withdrawn?

After the approval in the plenary of the withdrawal of the CTSthe question that arises is when you can withdraw the money in this account. According to the procedure, the autograph will be sent to the Executive Branch so that, within 15 business days, it approves or observes it.

In case the Executive observes it, the Congress of the Republic can approve it by insistence. It should be noted that this year’s first deposit, which is equivalent to approximately medium salary, has to be carried out no later than May.

Workers who have the right to this benefit are those subject to the labor regime of private activity. In addition, they must work for at least four hours a day and have the least a full month in office.

Take advantage of the new experience, receive by WhatsApp our enriched digital newspaper. Peru21 Epaper.

Now available in Yape! Find us in Yape Promos.