CTS: most of the time for the government to publish regulations and employee salaries

The authorities have 5 days to publish the rules for the withdrawal of the CTS 2024 Photo: Infobae Perú composition

Last Friday, May 17, Dina Boluarte’s authorities issued Law No. 32027 authorizing the withdrawal of 100% compensation for working time (CTS). However, as the regulations state, with this legality within the permitted rules the official newspaper of El Peruanoover 5 million employees Those who obtain this job property cannot acquire this cash due to publication ordinanceholding identical ones Administrative power.

Those in the know have defined that the ideal is that official employees receive a CTS equal to 4 times their salary. But the previously authorized launch had an impact on them. (RPP)

It’s about CTS employees contained in the uniform ordered text (TUO) of Legislative Decree 650, Act on remuneration for working timelicensed under Supreme Decree 001-97-TR, and these funds are deposited in numerous monetary corporations in the country, both banks and savings banks.

Last Friday, the government revealed the CTS 2024 pension regulations. Photo: Andina

The company responsible for approving the regulations is Ministry of Manpower, which, according to the regulations, has a maximum interval of 10 calendar days from the date of entry into force. This means that if we count from the publication of the act, the deadline by which the government is to submit the regulation to an inexperienced person expires on Monday, May 27. There are only 5 calendar days left until today Wednesday.

What does it mean? If the Executive Branch chooses to participate in classes up to the longest period, employees will be able to receive this remuneration Tuesday, May 28. If you publish it earlier, the due dates will also be introduced in advance.

CTS is a compulsory financial savings fund designed to provide monetary assistance to protect employees in the event of redundancy.

The government approves Law No. 32027 repealing CTS 2024 Photo: Infobae/EP composition

98 votes, May 2, voters Plenary Assembly of the Congress– the last instance of Parliament – ​​approved the CTS 2024 pension legislation with the intention of enabling self-employed people in Peru to meet their current needs. financial disaster

According to the amended document, the free availability of this fund is justified until December 31, 2024. Let us not forget that every Labor Commission as The Economic Committee presented these proposals introducing this legislation for the benefit of workers, as was the case during the epidemic years.

1. Sending authorized autograph In the Executive Branch: May 3, 2024 (already published)

2. Act passed by the Executive Branch: May 17, 2024

5. Publication ordinance by the Ministry of Labor: May 27, 2024 (deadline).

6. CTS phase-out begins: May 28, 2024 (As most dates)

Dina Boluarte’s authorities gave an inexperienced and fragile official the legislation to repeal the CTS, yet leadership is lacking. Photo: Infobae/Andina Composition

AND Compensation for Service Time (CTS) This is a gain from working in Peru intended to protect the employee and his or her household in the event of termination of employment. The main function of this compensation is to be an emergency fund that the employee can tap into in the event of resigning from his job, which can provide him with the financial juice to look for a completely new source of income.

Under the rules, salaried employees who work at least 4 hours a day and have at least one full month of work between November 2023 and April 2024 are entitled to compensation for working time (CTS). . Another foreign CTS money It will probably be paid in November this year.

Employees who have worked for less than one month as of April 30, 2024 will not be entitled to a CTS deposit. Days worked will likely be added to the May-October 2024 semester and CTS collected will probably be deposited by November 15 this year, explains the Lima Chamber of Commerce.

Head of the Department of Economics, Jose Aristastated that the withdrawal Compensation for service time (CTS), You should not mobilize 100% of the cash, but alternatively you must comply with the applicable regulations (No. 30334) under which employees can pay more than 4 salaries.

Methodology Minister of Economy It is based, for example, on the truth that if an employee receives a minimum wage of S/1,025, he or she can only pay the surplus of S/4,100 (4 wages). That is, after you register for your account CTS you complete S/4500, you will be able to enjoy S/400 itself as the remainder intangible assets.