Through law 32027, the Government of Dina Boluarte made official this Friday, May 17, that workers will be able to optionally withdraw their Compensation for Time of Service (CTS) until the end of 2024. The rule, signed by the president and published in the official newspaper El Peruano, aims to mitigate the increase of the prices of basic goods and services, a consequence of the economic recession facing Peru.
However, workers registered on the payroll will have to wait to access their funds, since the approval of the regulation by the Ministry of Labor, which must be published within a maximum period of 10 calendar days. What is missing so that Peruvians can have 100% of their resources? money from CTS?
What is missing before I can withdraw the money from my CTS?
The next step is that the Ministry of Labor and Employment Promotion (MTPE) publish the regulations of the standard of the CTS withdrawal within a maximum period of 10 calendar days from its entry into force. Once the regulation is ready, workers registered on the payroll will be able to access the money accumulated in their accounts the next day, that is, Tuesday, May 28.
What does law 32027 say about CTS withdrawal?
Law No. 32027 authorizes workers to use 100% of their Compensation for Time of Service (CTS) until December 31, 2024. This applies to funds accumulated in financial entities according to the current regulations of Legislative Decree 650.
This temporary measure is established to help workers face the current economic crisis. Furthermore, the law stipulates that the Executive Branch must promulgate a regulation for this law within 10 days of its entry into force.
How can I know if I have CTS with my ID?
According to the information provided by various banks, to check if you have an account CTS, you can consult directly with your employer or contact the bank that manages the company accounts. It is essential to always have your ID on hand.
If your CTS account is in the same bank as your savings account, you will be able to view the deposit of the CTS through the bank’s mobile application, internet banking or by calling your bank.
How many times can the CTS be withdrawn and what is the deadline?
He CTS withdrawal 2024 can be done only once. According to the sole article of the rule, signed by the president Dina Boluarte and the head of the PCM, Gustavo Adrianzén, this withdrawal is authorized until December 31, 2024.
The CTS withdrawal will be available until the end of the year, so you will be able to withdraw the money during the Christmas holidays. Photo: diffusion
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.
