Ad portas of the deposit of the Compensation for Time of Service, it is important to remember that the current law establishes that only the surplus of four salaries. However, the release of 100% until December 31, 2024 would be being debated in the Plenary Session of Congress – possibly on May 9. La República spoke with different specialists about its withdrawal and profitability.
How can I calculate my CTS?
The CTS is equivalent, on average, to 50% of the remuneration. It is deposited in May and the remainder in November. For those who receive a variable salary, what they received between November of the previous year and April is averaged. (for the May CTS) or from May to October (for the November CTS). Those who receive an additional amount are included in the calculation only if they have been received on three or more occasions within each period, says Mauricio Matos, partner in the Labor Area of EY Peru.
Who accesses this benefit and who does not?
All workers in the private labor regime can access it, the only requirement is that they have worked at least four hours a day and have a full month of service in the calculation period. Also included are workers in the agrarian regime who do not receive their CTS together with their remuneration and the domestic workers. On the other hand, those who work less than four hours a day or in the public sector would not receive CTS, according to Matos.
How can I make my money profitable?
The least risky option is a fixed-term deposit in a bank, financial institution or savings bank because its insurance covers up to S/122,420. Cooperatives, on the other hand, would only have one in 2025 and it would only cover S/10,000. It is a riskier alternative, but with better profitability, since they can pay up to more than 10% per year. Leaving it in a freely available voluntary contribution account in an AFP would be another option, says Jorge Carrillo Acosta, professor at Pacífico Business School.
In what cases could it be seized?
Although the CTS must be deposited in the bank or entity chosen by the worker—even with the existence of a judicial seizure for alimony debt—, The company is responsible for properly informing the judge that it has been deposited so that the corresponding embargo request can proceed with up to 50% of the amount deposited, stated the legal manager of the Lima Chamber of Commerce (CCL), Álvaro Gálvez.
Are there fines for not depositing it?
“Here there are three scales of fines applied by the Sunafil for micro, small, medium and large companies, and these range between S/566 and S/134,518, depending on the size of the company and the number of affected workers,” said Álvaro Gálvez. Likewise, if the companies do not give the worker the settlement form within the first five days of making the deposit, they would be incurring a minor infraction whose fines range between S/231.75 and S/80,958.
Source: Larepublica
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