The objective of the CTS is to provide the formal worker with money—as insurance—that allows him cover your expenses immediate benefits in case you become unemployed.
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Last Wednesday, April 17, the Congressional Economic Commission approved the ruling that empowers workers to withdraw up to 100% of the Compensation for Time of Service (CTS) with the deadline to access their funds being Tuesday, April 31. December 2024.
The proposal that was previously approved by the Congressional Labor Commission, had 21 votes in favor, 1 against and 1 abstention. However, citizens are wondering what is needed to release funds? Below we provide you with all the details.
CTS Withdrawal 2024: This is what is known about the release of funds
How many votes are needed to approve the withdrawal of CTS in the Plenary?
In accordance with article 52 of the Congressional Regulations, only a simple majority is required to approve the opinion that seeks to authorize the free availability of 100% of CTS funds, since it is not an organic law or a budgetary norm.
“The agreements are made with the vote of the simple majority of all the members present at the time of the vote, including the vote of the President. In the event of a tie in the vote, the President will have a casting vote,” it reads. document.
When would the withdrawal of the CTS be debated in the Plenary Session of Congress?
The president of the Economy Commission, Cesar Revillastated in RPP Noticias that the ruling to authorize formal workers to withdraw all of their funds from the CTS for all of 2024 would be debated in the Plenary Session of Congress before May 15.
How do I know how much money I have in my CTS?
If you have an account CTS In the same bank where you have your savings accounts, you can easily check the available balance directly from the bank’s mobile application, online banking or by calling your bank. Otherwise, you must know in which bank they deposited this amount to make the respective query.
What projects on the liberation of the CTS were discussed?
In the commission, the projects presented by Luis Cordero, Elva Julón, José Pazo, Segundo Quiroz, Edgard Reymundo and Raúl Doroteo were debated. These propose extending the date so that workers can have their CTS until the end of 2024. However, Pazo’s proposal is slightly different, since it proposes that it can be accessed until December 31, 2025 and that of Quiroz until 2026.
How is CTS calculated?
The amount of compensation for time of service varies depending on the type and size of the company: large company, medium-sized, small and micro-enterprise.
What is CTS in Peru?
The compensation for length of service (CTS) in Peru is a labor benefit that functions as a savings fund for dependent workers with the objective 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.
Communicator with a specialty in multiplatform journalism trained at the San Martín de Porres University. With experience in writing and producing content in various media. He interested in current affairs, cars, sports and tourism.
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
