Holder of the MEFproposed to Congress that in order to withdraw CTS, a minimum period of four months in unemployment status be respected.
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This Wednesday, the Minister of Economy and Finance, Jose Aristaurged Congress to evaluate that the withdrawal of the Compensation for Time of Service (CTS), initially approved this Wednesday in the Economy Commission and later in the Labor Commission, is carried out respecting a minimum period equivalent to four months of unemployment.
The ruling of the law that authorizes the free availability of Compensation for length of service (CTS) until December 31 of this year, was approved with 21 votes in favor, 1 against and 1 abstention. According to parliamentarian César Revilla, this measure would tentatively come into debate in the fortnight of May.
“The Executive, in the Council of Ministers, has analyzed the issue today and has decided not to observe this law. And at the same time I take advantage of this forum to call on Congress to ensure that this rule referring to the withdrawal of the CTS is respecting a minimum, which I estimate should be four months of unemployment. As you know, Compensation for Time of Service allows a professional to maintain income while changing jobs, the average is four months. I would ask Congress to authorize it. a minimum floor of four months,” indicated the head of the MEF.
How is CTS calculated?
The amount of the Compensation for Time of Service varies depending on the type and size of the company: large company, medium, small and microenterprise.
What is CTS in Peru?
Compensation for Time of Service (CTS) in Peru is a labor benefit that functions as a savings fund for dependent workers, with the aim of protecting them financially in case of unemployment. Employers deposit semiannually (in May and November). This fund is intangible and can only be withdrawn under certain conditions established by law, such as the termination of the worker, among others.
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Source: Larepublica
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