210 soles bonus for formal workers: requirements and who will receive the subsidy

This November 14, the official rule was published to deliver the extraordinary bonus of 210 soles for formal sector workers. The subsidy had already been announced by President Pedro Castillo during his speech for the first 100 days in office. The Minister of Economy, Pedro Francke, also explained that it was finally decided to deliver a One-time payment of S / 210 instead of deposits of S / 70 for three months that was originally planned. Check in this note everything you need to know about Bond 210.

What is the 210 soles Bonus?

The Executive Branch approved granting a Extraordinary bonus of S / 70 for three months for formal workers with lower incomes. The Government finally decided to give financial aid in a single batch of S / 210 to those who work in public and private activity.

Emergency Decree 105-2021 explains that “the amount of the extraordinary bonus received by the worker does not alter the amount of labor compensation to which they are entitled, as well as the declaration, calculation and payment of labor benefits, taxes, contributions or contributions provided for in the legal system “.

Who is the 210 soles Bond aimed at?

The 210 soles Bond is aimed at formal workers from all over the country who receive lower income in the remuneration scale. The main condition is that the beneficiaries of this subsidy do not have salaries greater than S / 2,000.

Private sector

The beneficiaries of the 210 soles bonus are private sector workers who were in payroll during July, August or September 2021. In addition, people with a gross monthly salary of up to S / 2,000 qualify for the subsidy. This financial aid will be awarded only once and does not alter the amount of the regular salary.

Public sector

Workers of entities of the National Government, regional and local governments will receive this subsidy with remunerations with cap of S / 2,000, who, in addition, must have a work relationship in October 2021. This does not include people who work in public companies at the three levels of government.

Who will not be able to collect the 210 soles bonus?

Workers who earn more than S / 2,000 They will not be able to collect the 210 soles bonus. Likewise, pensioners and people in labor training modalities (interns) are excluded. The latest emergency decree sets aside the subsidy for public servants of the following entities:

• Decentralized public bodies of regional and local governments
• Public companies of the three levels of government
• Public companies of the National Fund for the Financing of State Business Activity (Fonafe)
• Public companies in the field of EsSalud
• Public companies linked to the Central Reserve Bank of Peru (BCRP) and the Superintendency of Banking, Insurance and AFP (SBS)
• High-level officials such as managers, councilors, mayors, directors, governors, ministers, among others.

How will the 210 soles bond be delivered?

The Ministry of Labor and Employment Promotion must approve the registry of private sector workers who qualify for the 210 soles bonus. This list of beneficiaries will then be referred to EsSalud to make the payments, which will be made through the Banco de la Nación and all other companies in the financial system in the country.

In the case of the public sector, a transfer of items for more than S / 52,000,000 to various specifications of the National Government, regional and local governments. Then, the budget offices of each institution will coordinate with the Ministry of Economy to grant the bonus to their workers, with a maximum term until November 30, 2021.

What are the requirements to collect the 210 soles bonus?

The main requirements are to be formal employees and not to receive more than S / 2,000 as salary. Check the details here, depending on whether you work in the public or private sector:

What are the requirements for formal private sector workers?

• Appear on the employer’s electronic spreadsheet in the months of July, August or September 2021
• Perceive a maximum monthly salary of S / 2,000 in the period you were working
• Not belonging to the labor training modalities (practices) or being a pensioner.

What are the requirements for formal public sector workers?

• Have an employment relationship in the respective entity during October 2021
• Receive a monthly gross income, for all concepts, less than equal to S/2000 as of October 2021
• In the case of workers from the national government and regional governments, they must be registered in the Computer Application for the Centralized Registry of Payroll and Data of Public Sector Human Resources (AIRHSP) by October 2021.

What other subsidies or bonds is the Peruvian State granting?

Currently, the State grants the Yanapay Peru Voucher, destined to the most vulnerable during the economic crisis caused by the coronavirus. This subsidy grants S / 350 to the beneficiaries and amounts to S / 700 for some households with a single adult and dependent children.