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CTS: they seek to extend the release period of this money until 2025

CTS: they seek to extend the release period of this money until 2025

Congressman Luis Ángel Aragón, from Acción Popular, proposes extending the deadline to have compensation for time of service (CTS) until 2025, since this authorization expires on December 31 of this year. According to the legislator, Peruvian families require greater liquidity immediately to be able to face the impact of inflation on basic necessities, as well as unemployment.

Furthermore, it is stated that the Executive has not taken actions to alleviate the effects of the economic crisis on the population, nor has there been any progress in a policy that allows the increase of the minimum vital remuneration (RMV), which remains at S/1,025. since May 2022.

Bill 6091 also seeks to authorize members of the private pension system to withdraw up to S/19,800 (4 UIT) from their funds, with the objective of “alleviating the social economic emergency of the country.” Workers must submit the request only once within 90 calendar days after the rule comes into effect; Thus, every 30 days S/4,950 (1 UIT) will be paid in the first two disbursements and in the third the remainder will be paid.

“The legislative measures that have provided for the partial withdrawal of AFP funds have been carried out within the framework of states of emergency and economic crisis; therefore, “this initiative, which is based on the context of the economic crisis that citizens are going through”is stated in the document.

It should be noted that there are today more than a dozen proposals that seek to authorize a seventh withdrawal of the AFP and they are in the Economy Commission for debate. For its part, the Ministry of Economy and Finance (MEF), which has always expressed its opposition, recently pointed out that I would support a new withdrawal if it were focused on a segment of the population that is in a vulnerable state, such as the unemployed.

This initiative, which covers the withdrawal of AFP and CTS, was presented on October 6 and must go through the evaluation of the Congressional committees before reaching the Plenary Session for debate and voting. If approved, the Executive, through the Superintendency of Banking and Insurance (SBS), will have a period of 15 calendar days to regulate the measures provided.

Source: Larepublica

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