After the publication of the regulations of the law that authorizes the free disposal of 100% of the CTS, formal workers already know the date on which they will be able to access the money in their accounts. Starting on Monday, May 27, this disbursement process will begin, which would benefit more than 6 million employees throughout Peru.
Unlike the withdrawal of up to 4 UIT (S/20,600) from the Pension Fund Administrators (AFP), the release of this economic benefit for all of 2024 can be made from the day following the entry into force of Supreme Decree 003- 2024-TR, issued by the Ministry of Labor and Employment Promotion (MTPE).
How to withdraw my CTS 2024? This will be the procedure
According to article 3 of the regulations of the Law 32027 which authorizes a new withdrawal of 100% of the Compensation for Time of Service (CTS), workers in the private sector, as well as those who work in the State and civil servants in the public sector, will be able to voluntarily access the money in their accounts from this Monday, May 27. Next, review the procedure:
- Workers may make these withdrawals, total or partial, from the amount available in their respective CTS deposit account.
- Subsequently, they must request by digital means the corresponding entity to make the disbursement through transfers to the CTS account indicated.
- Among the institutions that can order the transfer, there are companies in the financial system, savings and credit cooperatives not authorized to collect resources from the public or operate with third parties, or companies issuing electronic money, in accordance with the limits and conditions established in the regulations. applicable, as well as to the operations they carry out.
- Request received disbursement Through transfers, the financial institution makes the transfer to the accounts of the worker indicated, within a period of no more than two business days.
This means that starting this Monday, May 27, workers will be able to access the money accumulated in their CTS accounts immediately. They only have to access the ordinary transfers that occur in banking applications and other entities. “If the worker wants the funds to be transferred to another account in another institution, the maximum period for their execution will be 2 business days,” explains Jorge Carrillo, professor at Pacífico Business School.
CTS withdrawal via BCP, Interbank and more
As on previous occasions, formal workers who wish to withdraw 100% of their CTS until December 31, 2024 may do so by following these recommendations:
- Contact the bank where your employer deposits your CTS or the human resources area of the company where you work.
- Check your CTS account balance and make sure you know the exact amount you have.
- Choose the amount you want to withdraw, which can be total or partial.
- You do not need to submit an application, unlike the AFP withdrawal.
- Remember that you can withdraw your CTS through the internet banking of the financial institution where you are, by means of a transfer to the savings account of the same bank or another.
- From the selected destination account, you can carry out all the operations or transfers you want.
- You can also go in person to the banking agency or savings bank where your CTS deposits are made to make the withdrawal. Remember that you must bring your ID and the debit card linked to the CTS account.
- Go to an ATM and make the withdrawal with the debit card associated with the CTS account.
CTS withdrawal, regulations: what is the deadline?
According to the regulations published by the Ministry of Labor, the amounts accumulated in CTS accounts may be withdrawn in their entirety starting this Monday, May 27. However, citizens may also choose to release only a part and they have to do so until the end of this year. If the worker wants the funds to be transferred to another account in another institution, the maximum period for its execution will be 2 business days.
Let us remember that on November 15, the second deposit of this economic benefit is made, which means an opportunity for formal employees to access this money later, taking into account that the deadline expires on December 31, 2024.
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.
