The Congress of the Republic approved on May 5th the bill that allows private sector workers to withdraw 100% of their money from their Compensación por Tiempo de Servicio (CTS) accounts. This measure aims to provide economic support in the face of the crisis caused by COVID-19.
YOU MAY ALSO LIKE: CTS 2022: How would the payment of 100% of the benefit to teachers be?
This proposal seeks to authorize workers to access this money only once. It is important to mention that this provision must still be evaluated by the council of ministers to be enacted in the El Peruano newspaper.
If your funds are in Banco de Crédito del Perú (BCP) and you want to know how to withdraw your CTS, then we recommend taking note because we will provide you with all the information below.
How to initiate the withdrawal of my CTS via BCP?
This banking entity offers you two disbursement methods:
- Mobile banking or internet banking: through their digital channels, you can make a transfer from your CTS account to another personal savings account.
- ATMs or teller windows: to be able to withdraw using this method, you must bring a valid ID (DNI) and the card associated with your CTS account.
How to calculate my CTS?
To calculate this, you must consider the computable remuneration (CR), as this is the basic payment received by the employee for services rendered to the company they work for.
In addition, you must consider the salary without discounts, payment of family allowance (if applicable), the total of overtime hours during the last semester divided by 6, and finally, the gratification divided by 6.
This will provide you with the following mathematical operation: [remuneration + family allowance (if applicable) + (gratification x 1/6)]/2. The result obtained is the amount that the company will deposit as CTS.
For more information, visit Libero.pe.