In less than a month, workers who are registered on the payroll must receive the second annual deposit of the Compensation for Time of Service (CTS), a social benefit that serves to provide economic support against future scenarios of layoffs or resignations. Given the proximity of this date, know when they deposit this extra money and how much you should receive, according to the period from May to October 2023. Take note!
CTS, November 2023: when do they deposit the amount?
dAccording to the information provided by the National Superintendence of Labor Supervision (Sunafil), micro, small, medium and large companies have until November 15 of this year to deposit the CTSwhose semester period is as follows:
- From November 1 to April 30: May deposit.
- From May 1 to October 31: November deposit.
CTS, November 2023: How do I calculate the amount that corresponds to me?
According to the Lima Chamber of Commerce (CCL), the amount of the CTS varies according to the type of company and the time worked in the semiannual period. To calculate this extra money, the computable remuneration must be considered. That is, the basic salary, the family allowance (if applicable), all overtime hours for the last semester divided by 6 and the last bonus deposited.
To have a more precise idea, let’s give an example. If your net salary is S/1,500 and you have worked in a medium or large company for the entire semester, the calculation would be as follows:
- Liquid remuneration to be considered: S/1,500
- 1/6 bonus: S/250
- CTS: 50% of the salary for October 2023 (S/750) + 1/6 of the bonus for July 2023
- The total CTS to be deposited will be S/1,000
In the event that the worker has not worked the entire semester, his CTS will be constituted by 1/6 of his remuneration, for each month worked, plus one-sixth of the bonus of what he would have received in said period. Finally, if you want to make a more effective calculation of the amount of your CTS, you can check the La República calculator.
CTS, November 2023: until what date can I withdraw my money?
According to the scope of Law No. 31480, which was published on May 25, 2022, the last day to freely dispose of 100% of the CTS is December 31, 2023. After the date has passed, workers will not be able to access said money until they end their contractual relationship with their employer.
CTS, November 2023: in which cases can my money be retained or seized?
According to the Lima Chamber of Commerce, Compensation for Time of Service (CTS) deposits can be seized when the worker has food debts, up to 50%. Keep in mind that this social benefit is obligatorily deposited in the bank chosen by the worker, even when there is a judicial seizure for alimony debts.
In this case, the company must inform the judge that the CTS has been deposited in accordance with the law and the seizure must be requested from the depositary bank, unless it is the CTS that is recorded in the settlement of the worker who ceases and whose deadline for Your deposit has not yet expired.
Source: Larepublica
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