Congressman Jorge Coayla Juárez of Perú Bicentenario proposes expanding the law that authorizes the provision of compensation for time of service (CTS) until December 31, 2024, with the objective that workers can cover the economic needs caused by the recession. The current measure expires at the end of this year.
In bill 6495, although it is recognized that the CTS It is a benefit granted to workers in the formal sector so that they can face the eventual loss of employment. The current “critical” situation that Peruvian families are going through makes it necessary to authorize the use of “a portion” of these funds, it is stated.
“With the availability of these resources, workers will be able to purchase the products of the basic basket, as well as assume expenses for health, education and other concepts.which will have an impact on their quality of life, which is why the legislative proposal is necessary, timely and viable,” says the text submitted to Congress this Thursday, November 23.
When would this measure be approved?
It should be noted that this initiative is not the only one presented with this same intention, there are already more than four bills along these lines. For this measure to be approved, the document must be evaluated by the Congressional committees before reaching the Plenary Session for debate and voting. Once that body gives the green light, the Executive will have 15 days to enact or observe it.
The current legislature ends in the fortnight of December, so it should be approved in the Legislature beforehand so that it can be published in El Peruano in January 2024.
What is CTS?
The CTS It is a social welfare benefit that acts as “unemployment insurance” regarding the contingencies caused by the cessation of work. Labor lawyer Ricardo Herrera points out that this benefit corresponds to formal employees who work full time and who have at least one month of service in the company.
The money is deposited in the fortnight of May and November of each year.
Source: Larepublica
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