There are already eleven bills that seek to authorize the voluntary withdrawal of up to 100% of the Compensation for Time of Service (CTS). This time, parliamentarian Elva Julón entered into the documentary process of the Congress of the Republic a new legislative initiative that aims to make the deadline for this withdrawal until December 31, 2024.
As is public knowledge, December 31 of last year was the last day that Peruvians could access all of their money stored in these accounts, after the approval of Law No. 31480 during the pandemic. of COVID-19. Since then, various legislative proposals have been presented with this same intention, which must be evaluated in the respective commissions before reaching the Plenary Session.
CTS Withdrawal: they propose authorizing the disbursement of 100% of this money until 2024
The congresswoman from Alianza para el Progreso, Elva Julón, presented last Wednesday, March 27, Bill No. 7400/2023-CR that seeks to exceptionally authorize the voluntary withdrawal of 100% of the Compensation for Time of Service until December 31, 2024with the aim of mitigating the effects of the economic recession on the purchasing power of consumers.
“Inflation had a worrying rise, exceeding the limits established by the Central Reserve Bank of Peru, but to date it has been regularized. In addition to other fiscal policies that are beginning to be considered, in which it is proposed to increase collection through the Selective Consumption Tax (ISC), the expenses of some products demanded by the population will increase. In that sense, allowing consumers to expand their purchasing power will help mitigate the effect of rising prices, reduced employment and other factors that aggravate the situation of millions of families nationwide,” the explanatory statement reads.
Likewise, article 3 of the legislative proposal indicates that workers included within the scope of the Single Ordered Text of Legislative Decree No. 650, Law on Compensation for Time of Service, will be the beneficiaries. Finally, it is specified that the Executive Branch must be in charge of regulating the standard within a period of no more than thirty days.
Review the eleven bills for the withdrawal of the CTS
Since the deadline for formal workers to freely dispose of 100% of their CTS, various parliamentarians have presented eleven bills to extend the withdrawal deadline for this economic benefit. Three of these legislative initiatives are already incorporated in an opinion that the Congressional Labor Commission approved on Tuesday, November 7, 2023.
This proposal accumulates Bills No. 5009-22-CR, 5185-22-CR and 5311-22-CR of parliamentarians Jorge Flores, Alejandro Soto and Flavio Cruz, in order to authorize a new disbursement of 100% of the CTS until December 31, 2024. In addition, there are four other bills that validate this same request, three to access until the end of 2025 and one to be able to withdraw it until 2026. Below, find out all the proposals that are pending of boarding in the Plenary Session of Congress:
- CTS retirement until December 31, 2024: Elva Julón (Alianza Para el Progreso)
- CTS withdrawal until December 31, 2025: José Pazo (Somos Perú)
- CTS withdrawal until December 31, 2026: Segundo Quiroz (Perú Libre)
- CTS retirement until December 31, 2024: Edgar Reymundo (Together for Peru)
- CTS withdrawal until December 31, 2025: Segundo Montalvo (Perú Libre)
- CTS retirement until December 31, 2024: Rául Doroteo (Popular Action)
- CTS withdrawal until December 31, 2024: Jorge Coayla (Perú Libre)
- AFP withdrawal of up to 4 UIT and CTS withdrawal until December 31, 2025: Luis Aragón (Popular Action)
- CTS withdrawal until December 31, 2024: Flavio Cruz (Perú Libre)
- CTS retirement until December 31, 2024: Alejandro Soto (Alianza Para el Progreso)
- CTS retirement until December 31, 2025: Jorge Luis Flores (Popular Action)
What is missing for the CTS withdrawal to be approved?
So that formal workers can access the free withdrawal of 100% of their CTS, the opinion of the Labor Commission must be scheduled in the Plenary Session of Congress for subsequent debate and voting. Another alternative is that an agreement by the Board of Spokespersons exempts this proposal from processing and can be discussed in advance.
Once the Plenary gives the green light to the disbursement of up to 100% of the money stored in these accounts, the Executive Branch will have 15 days to enact it or, failing that, observe it.
Source: Larepublica
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