The congressman of the Democratic Change Caucus–Together for Peru Edgard Reymundo presented Bill 7326/2023-CR that promotes equal labor rights for workers hired under the CAS regime. Through this initiative, measures are proposed so that they receive bonuses, gratuities, CTS and other social benefits. Let us remember that on January 23, the Labor and Social Security […]
Tag: CTS
Peruvian savings recover from the end of 2023
The savings of Peruvians grew 5.7% at the end of 2023, and managed a flow of S/10,545 million, according to Scotiabank. However, they have not yet recovered compared to the historical average of S/11,000 million—except for the pandemic—and where growth amounted to 10.0%. Meanwhile, the stock reached was S/194.3 billion. In November, The entity reported […]
Bank interest rates will remain high during the summer
When the pandemic suddenly stopped economic activity, the Central Reserve Bank of Peru (BCRP) decided to bring the reference interest rate closer to 0% to make credit cheaper. Once the health catastrophe had passed, the excess liquidity due to the constant withdrawals of AFP, CTS and, in part, bonds, in an adverse global context, catapulted […]
Until when can 100% of the CTS be withdrawn?
The withdrawal of the CTS was one of the measures used to counteract the economic damage caused by the pandemic. Find out here until what date you can withdraw this fund. Join the La República WhatsApp channel Price of the dollar in Peru: what is the exchange rate quote this Wednesday, December 27? Banco de […]
Government seeks to accelerate the transfer of state entities to the Servir regime
With the aim of strengthening and accelerating the transition of State entities towards the Civil Service regime (Servir), the Executive published a legislative decree so that this transfer can be accelerated and put an end to the disorder in the entry of personnel into the State. For this purpose, it has been established that public […]
Deposit Insurance Fund is reduced by almost S/400
The Superintendency of Banking, Insurance and AFP (SBS) announced the update of the Deposit Insurance Fund (FSD), the entity in charge of protecting savings, time accounts and CTS deposits that users maintain in companies of the national financial system. , such as banks, financial institutions and municipal and rural savings banks. The new amount has […]
Tax revenues to November fall 12.7% due to low GDP
The central government’s tax revenues – excluding tax refunds – reached S/12,328 million in November. Although this figure exceeds by S/113 million what was recorded in the same month of 2022, it still represents a drop of 2.6% in real terms, according to information from Sunat. In this way, there have been nine consecutive months […]
MTPE and SBS against the withdrawal of 100% of the CTS being extended until 2026
The deadline for companies to deposit compensation for time of service expires on November 15 (CTS) to its workers. Jorge Carrillo Acosta, professor at Pacífico Business School, points out that more than 4 million people will receive this paymentwhich will imply a disbursement of around S/2.5 billion by employers. Although the CTS serves as financial […]
Peruvian savings slowed in the third quarter
People’s savings in banks and financial institutions lost strength in the third quarter of 2023, according to Scotiabank’s recent economic report. Although there is growth in the sector due to the rise in term deposits – even to historical levels – in savings accounts, which account for 50.5% of total savings, they do not stop […]
For what reason can my CTS be seized in Peru?
November is already beginning and, with it, the deadline for companies to deposit the Compensation for Time of Service (CTS) is approaching. This fund can be used by the worker in the event of dismissal and, in addition, be withdrawn until December of this year. However, little is known about the reason why this amount […]