In a press conference, the president of the Council of Ministers, Gustavo Adrianzén, indicated this afternoon that the Executive will make a ruling within the corresponding deadlines regarding the withdrawal of Compensation for Time of Service (CTS). However, he did not provide a fixed date for this pronouncement.
“We are within the deadline, we are going to evaluate the convenience or not of this decision and we will let you know before the deadline expires, of course”told the media about the date on which the free availability of this product will govern. work benefit.
Schedule to access CTS withdrawal
Finance expert Jorge Carrillo prepared a schedule with the possible dates of each step necessary for the CTS retirement law to be enacted and workers to be able to disburse their money.
- Sending the signature of the law to the Executive Branch: 05/03/24
- Possible observation by the Executive Branch: 05/20/24 (15 business days)
- Approval at the insistence of the law by the Plenary of Congress: 05/23/24
- Promulgation of the law in the Official Gazette El Peruano: 05/24/24
- Publication of the regulations by the Ministry of Labor: 06/03/24 (10 calendar days).
- Start of withdrawals: 06/04/24.
Will you be able to access your CTS in May?
The process of releasing CTS funds has not yet begun. Congress approved on May 2 that millions of workers can withdraw their money. In the event that the Executive decides to observe the law and the Legislature approves it out of insistence, citizens could access their CTS from June 4, 2024.
What is José Arista’s position regarding the withdrawal of CTS?
The current Minister of Economy, José Arista, who said that Dina Boluarte’s Government is a disaster, called the attention of the congressmen of the Labor and Economy Commissions, and emphasized that the total withdrawal of the CTS would do damage to the population.
“(…) I take advantage of this forum to call on Congress to ensure that this rule referring to retirement from the CTS respects a minimum, which I estimate should be four months of unemployment. As you know, compensation for time of service allows “A professional maintains income while changing jobs, the average is four months. I would ask Congress to authorize a minimum floor of four months,” Arista urged.
What will be the possible dates to withdraw my money?
In the hypothetical case that the Executive Branch does not observe the signature and gives the green light to the total withdrawal of the CTS, the approximate date for the releases would be June 4, 2024, according to economist Jorge Carrillo Acosta, professor at the Universidad Pacífico Business School.
“Unlike the withdrawals of AFP funds, in the case of the CTS the disposition of the money could be made from the day after the publication of the regulations, as happened in 2021 and 2022,” said Carrillo.
However, this goal, for the CTS to be ready on June 4, depends on how long it takes to be validated by the Executive Branch. Let’s be attentive.
Source: Larepublica
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