The state entity that will publish the regulations that will allow workers to withdraw 100% of their CTS will be the Ministry of Labor and Employment Promotion.
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The withdrawal of the Compensation for Time of Service (CTS) It is an issue of high relevance for Peruvian workers. The recent approval of the law that authorizes the free disposal of 100% of these funds has generated expectations about the necessary deadlines and procedures. The executive power It has until the end of May to publish the regulations that will allow workers to access their CTS savings.
The CTS It is a fund intended to provide financial support in case of unemployment. Given the current economic situation, the possibility of having these funds, according to the promoters of the measure, could represent a significant relief for many workers. The regulations that will establish the details and procedures for withdrawal it’s still pending to be published by the Ministry of Labor and Employment Promotion.
When will the regulations for the free disposal of the CTS be published?
He Executive powerheaded by the president Dina Boluartehas up to May 27, 2024 to publish the regulations that allow the free disposal of the Compensation for Time of Service (CTS). This period is established after the promulgation of the law approved by Congress on May 17. The regulations must specify the exact requirements and procedures that workers must follow to access their funds. The Government has reported that the necessary measures are being taken so that the regulations be published within the stipulated periodwhich would allow workers to use their savings CTS without major setbacks.
Once the regulation is published, will I be able to have 100% of the CTS?
Once the regulations were published by the Ministry of Laborworkers will be able to start the process to withdraw 100% of their CTS. It is important that you pay attention to official communications and the specific details of the regulations, since these will define the steps to follow. In addition, they must ensure that they comply with the established requirements to avoid problems or delays in the withdrawal process.
CTS: will I be able to use the last deposit made in May?
He Deposit of Compensation for Time of Service (CTS) held in May 2024 will be included in the total amount available for withdrawal, once the regulations are published. The law allows the withdrawal of 100% of accumulated funds, which includes all deposits made up to the withdrawal request date.
The CTS It is accumulated as a mandatory savings that employers must deposit semiannually in favor of their workers. This fund is crucial for employees’ financial security in the event of unemployment or financial emergencies. The possibility of withdrawing these funds without restrictions until the December 31, 2024 offers a significant window of opportunity for workers who need to access their money in difficult times.
Bachelor in Communication and Journalism from the Peruvian University of Applied Sciences. High interest in analysis related to political and social issues. Experience in internal communications, editing and video production. Regions web editor for La República newspaper.
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.
