Law No. 32027 that authorizes the partial or total provision of the Compensation for Time of Service (CTS) has already been regulated, and thus opens the doors for Peruvian workers to withdraw their money from today until December 31 of this year. The disposition of the CTS money—unlike the withdrawals of AFP funds—will become effective […]
Tag: compensation for length of service
CTS Retirement 2024: Government approves regulations for the free disposal of funds until December
The Executive Branch approved the regulations of Law 32027, which authorizes formal workers to freely dispose of 100% of the Compensation for Time of Service (CTS) until December 31 of this year. In this way, more than 6 million Peruvians could benefit from this regulation that seeks to cover their needs due to the current […]
The CTS is released until the end of the year: the details to know
On Thursday, May 2, it was approved in the Plenary Session of Congress, with 98 votes in favor, that nearly five million formal workers in Peru can access the optional withdrawal of their CTS at 100% until the end of 2024, so it would apply for May and November retreats. Before the first deposit of […]
Withdrawal of CTS 2024: what is missing for the ruling to release 100% of funds to be approved?
A few days ago, the Economy and Labor commissions approved 2 opinions that authorize formal workers to withdraw 100% of the Compensation for Time of Service (CTS) for all of 2024. According to the opinion of various parliamentarians to La República, the process validation of this proposal towards its promulgation is progressing without problems. However, […]
CTS Retirement 2024: how to calculate the amount that corresponds to me and what is known about the 100% release?
The objective of the CTS is to provide the formal worker with money—as insurance—that allows him cover your expenses immediate benefits in case you become unemployed. Join the WhatsApp channel Price of the dollar in Peru: what is the exchange rate for this Friday, April 19? Fonavi: the new payment for people over 80 begins […]
CTS 2023: How long does my employer have to deposit this payment and how to calculate it?
Undoubtedly, one of the most anticipated dates for all formal workers who are on the payroll is compensation for time of service (CTS), which is delivered in may and november (twice a year) and equals a full salary. You should know that this extra money that each worker receives is offered so that each one […]