Today, Wednesday, May 25, the law that authorizes the disposition of 100% of the compensation for time of service (CTS) “in order to cover the economic needs caused by the pandemic.”
“The purpose of this law is to authorize workers to have compensation for time of service in order to cover the economic needs caused by the COVID-19 pandemic”details the rule in its article 1.
In addition, the rule specifies that workers included within the scope of the Single Ordered Text of Legislative Decree 650 are authorized only once and until December 31, 2023, to freely dispose of 100% of the CTS deposits made in financial entities and that they have accumulated at the date of disposal.
The Executive Power dictates the necessary regulatory provisions within a maximum period of 10 calendar days from the entry into force of this law, adds the rule, in its sole final complementary provision.
It is worth mentioning that now that the law has been enacted, a period of 15 days must be waited to establish the statutes that will follow the withdrawal of the 100% CTS, in such a way that it is done in an orderly manner to avoid crowds.