CTS 2023: How long does my employer have to deposit this payment and how to calculate it?

Undoubtedly, one of the most anticipated dates for all formal workers who are on the payroll is compensation for time of service (CTS), which is delivered in may and november (twice a year) and equals a full salary. You should know that this extra money that each worker receives is offered so that each one has a Economic backing in case you lose your job or a layoff occurs. If you are interested in knowing which are the deposit dates of this economic benefit and know how to calculate it according to your salary, you just have to continue reading this note.

When is the CTS 2023 deposited?

He CTS payment does not have variations in terms of deposit dates in each year. That is why the following dates correspond to 2023, according to Sunafil. The exact day of deposit will generally depend on the employer, but the deposit is made within the following days.

• First deposit: between the first 15 days of May (maximum until May 15).
• Second deposit: between the first 15 days of November (maximum until November 15).

How is the amount of my CTS calculated?

To calculate the CTS, the computable remuneration (RS) must be considered, that is, the basic remuneration, the amount of family allowance (if applicable), the total overtime hours of the last semester divided by six and the received bonus divided in six parts.

On the other hand, the payment concepts that are not part of this process are utilities, bonuses for study, cost of feeding the worker, per diem, transportation and any remuneration that is not recurring.

1. In this operation, the following calculation must be carried out: [remuneración + asignación familiar + (gratificación X 1/6)]/2
2. The result is what the company will deposit as CTS.

Also, if you want to make a faster calculation, you can review the Sunafil calculator, a tool created solely to find out the amount of this compensation. You can visit it at the following link: HERE.