Companies must pay CTS until May 15: know the large fine if they fail to pay the deposit

This Wednesday, May 15, the deadline expires for companies to deposit the amount corresponding to the Compensation for Time of Service (CTS) to their workers on the payroll, an economic benefit that is paid twice a year and that serves as unemployment insurance. facing situations of dismissals or resignations.

While this is happening, the Government of Dina Boluarte has not yet enacted the law so that citizens can access all of their funds until December 31 of this year. However, it is necessary to warn that non-payment of the CTS may vary depending on the size of the company and the number of workers affected.

CTS 2024: what is the fine for companies that fail to pay?

Failure to pay the CTS within the period established by law constitutes a serious administrative infraction that entails a differentiated fine from Sunafil, according to the number of workers affected. To expand the scope of this topic, Pamela Duffy, from Dentons Perú, explains that the Regulations of the General Labor Inspection Law establish a series of economic sanctions, ranging from S/556.5 to S/134,518.

Likewise, if the companies do not deliver the settlement form to the worker within the first five days of making the deposit, they would be incurring a minor infraction, the fines of which range between S/231.75 and S/90,958. Let us remember that these scales were approved by Supreme Decree 008-2020-TR and to determine them the Tax Tax Unit (UIT) was taken as a basis, which is currently equivalent to S/5,150.

How to report if the CTS is not paid on time?

If the company where you work does not deposit your CTS payment, you can report this case to the National Superintendence of Labor Inspection (Sunafil) so that it can arrange the necessary inspection actions and even establish the corresponding fines. Next, follow these steps:

• Download the Sunafil application in the Play Store.
• After downloading it, enter the ‘Virtual Complaint’ section, where you must enter the company information and your personal data.
• Write the reasons for your complaint and attach the evidence that supports it.
• When you conclude your virtual procedure, you will receive an email confirming receipt of the complaint and you will access the route sheet to follow up accordingly.

This is how you can calculate the amount that corresponds to you for CTS

To calculate the amount you should receive in May through CTS, it is important to take into account the type of company you work for and the time you have worked during the semester period. If you want to carry out a precise mathematical operation, we recommend using the La República calculator, in which you must write the date you started your job, your gross salary, the computable period of work and whether you receive family allowance.

Next, review this example if you earn the minimum wage and worked from November 2023 to April of this year. Remember that the CTS to be deposited is equivalent to 50% of your salary in April, plus one sixth of the bonus you received in December 2023:

1. Remuneration to be considered: S/1,025
2. 1/6 bonus: S/170.83
3. Service time: 6 months.

The sum of these amounts is equivalent to S/1,195.83 and must be divided by 360 days, which results in S/3.31. After that, you have to multiply it by the number of days worked (a full semester = 180 days), which will give you S/595.8, which will be the money you will receive for the CTS payment.

Who is not entitled to receive the CTS?

• Workers who work less than four hours a day
• Workers who receive full annual remuneration
• Those who receive 30% or more of the rates paid by the public
• Workers in the agricultural labor regime who have chosen to collect their CTS together with their remuneration (Law 30110 and DS 005-2021-Minagri)
• Microenterprise workers hired after the company registered with Remype.