Through Law 32027, the government of Dina Boluarte made official this Friday, May 17, that workers will be able to access the optional withdrawal of their CTS only once until the end of 2024. The rule, signed by the head of state and published in the official newspaper El Peruano, seeks to mitigate the increase in prices of basic goods and services caused by the economic recession facing the country.
This standard must be regulated by the Ministry of Labor in a period of no more than 10 days and, according to expert Jorge Carrillo in conversation with La República, it is estimated that the disbursement of this economic benefit will begin on Tuesday, May 28, at the latest. The provision of the CTS could be carried out from the day after the publication of the regulations, as occurred in 2021 and 2022.
How much can I withdraw from my CTS?
In accordance with the recently approved law, workers will have the ability to completely dispose of 100% of the deposits corresponding to the compensation for time of service (CTS).
This implies that they will be able to withdraw and transfer all of the money accumulated in their accounts. CTSincluding funds that will be deposited in the second half of 2024.
When will CTS be available?
According to expert Jorge Carrillo, the tentative dates for the next stages of the CTS withdrawal are the following:
- Publication of the regulations by the Ministry of Labor: May 27, 2024 (10 calendar days).
- Start of withdrawals: May 28, 2024.
The finance professor at the Pacífico Business School emphasizes how important it is to remember that, unlike withdrawals of AFP funds, the disposition of the money from the CTS It can be done from the day after the publication of the regulations, as happened in 2021 and 2022.
How can I see my CTS with my ID?
To check if you have your CTS With your ID, you must contact the banking entity in which your company deposits your remuneration. This inquiry can be made through the bank’s website or by phone.
What is the purpose of CTS?
The CTS Its main purpose is to provide economic support to workers in case of unemployment. This benefit acts as a savings fund that accumulates while the employee is active, thus ensuring that they have a financial resource during periods of work inactivity.
Besides, the CTS It can serve as financial support at the time of retirement or in situations in which the worker decides to withdraw part of these funds under certain specific conditions established by law.
Peruvians will be able to use 100% of their CTS after the enactment of the retirement law. Photo: diffusion
Source: Larepublica
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