The payment of Compensation for Time of Service is one of the labor benefits that a worker who is registered in the payroll has.
What is known about the CTS 2023 retreat in May? | The fifth month is one of the most awaited by workers, since they can collect their Compensation for Time of Service (CTS). This amount has to be a compulsory payment by the companies because they can be fined if they do not make the payment. The sanction can range between S/544 to S/129,294. Therefore, in this note, find out until what date does your company have to deposit this employment benefit. In the same way, we tell you how to calculate your CTSthat banks they pay better for your money and more details.
When do you pay for the CTS 2023?
The company has until May 15 to pay the CTS to its workers that corresponds to them. There is another compensation, but it is still in November. This amount can be withdrawn depending on the worker. This was approved by Congress in Law 31171, therefore, the company’s collaborators can dispose of 100% of the CTS deposits.
How to calculate the CTS?
Next we bring you an ONLINE CALCULATOR of The Republic to know how much CTS corresponds to you approximately.
Who receives CTS?
In this case, all workers who are on the payroll and have been with the company for more than one month receive Compensation for Time of Service. This, taking into account April 30. Mainly, they are those who worked between November and April; however, those who started working later are considered a lower amount depending on the number of months worked.
Who is not entitled to receive the CTS?
- Workers who work less than four hours a day.
- Those who receive 30% or more of the rates paid by the public.
- The workers of the microenterprise hired after the registration of the company in the REMYPE.
- Workers who receive full annual remuneration.
- Workers of the agricultural labor regime who have chosen to collect their CTS together with their remuneration (Law 30110 and DS 005-2021-Minagri).
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
