Tag: 100% withdrawal

100% CTS Withdrawal: how long will the money be delivered to those who request this fund?
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100% CTS Withdrawal: how long will the money be delivered to those who request this fund?

In order to meet the economic requirements caused by the COVID-19, the Executive approved last Tuesday, May 4, the regulatory provisions for the application of the law that authorizes the withdrawal of 100% of the Compensation for Time of Services (CTS). Next, we tell you more details.LOOK HERE: CTS Withdrawal: Who can apply for 100% of this fund? Until when will it be available?What is the deadline to withdraw the CTS?Through the Supreme Decree 010-2021-TR, published on Tuesday May 4 in the Official Gazette El Peruano, the approval of said measure was made public that authorizes, until December 31, 2021, the withdrawal of 100% of the CTS deposits made in the companies of the financial system, as well as in the savings and credit cooperatives that only operate with their members.How lon...
CTS Withdrawal: Who can request 100% of this fund?  Until when will it be available?
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CTS Withdrawal: Who can request 100% of this fund? Until when will it be available?

Lima, May 4, 2021Updated on 05/04/2021 05:01 amIn order to alleviate the economic crisis caused by the pandemic of coronavirus, last Friday, April 23, the Peruvian Government promulgated the law that allows workers to withdraw up to 100% of their Compensation for Time of Services (CTS). SIGHT: AFP Retreat: How and until when can access of up to 4 UITs be requested?However, not all workers have a CTS, this is a benefit that only workers who are on the payroll can access. Those people who are working as 'freelancers' (independent), for hours, for projects or informally, do not have access to this compensation.This happens because the CTS is a labor benefit granted by the employer to the worker on the payroll and whose objective is to protect him against an eventual dismissal or termination ...