The Compensation for Time of Services (CTS) is a social benefit that aims to protect workers from contingencies that may arise as a result of leaving work.
This benefit is regulated by the Consolidated Text of Legislative Decree No. 650, approved by Supreme Decree No. 001-97-TR, and its regulation, Supreme Decree No. 004-97-TR. Will it be possible to make the second deposit withdrawal in this 2023? Here you will know all about it.
YOU CAN SEE: CTS Calculator November 2023: we tell you HERE how much you are entitled to receive
The CTS is equivalent, on average, to one monthly salary, which is deposited in two parts of 50% each. The first deposit was made until May 15. While the second disbursement has a deadline on November 15 and includes the period from May to October.
Until when can the CTS 2023 be withdrawn?
In 2021, Law 31480 came into force, which authorized the free use of CTS to cover the economic needs caused by the COVID-19 pandemic. Despite the pandemic has concluded, this measure remains in force, so thousands of workers await payment in order to withdraw it.
Thus, workers will be able to access up to 100% of their Compensation for Time of Services (CTS) until December 31, 2023.
How many times can I withdraw 100% of the CTS?
You will be able to access this maximum until December 31, 2023. You can withdraw a portion or the entirety of the money until the indicated date.
If you withdraw all the funds you currently have in your account, then you will also be able to withdraw the ones they will deposit in November 2022, as well as those in May and November 2023.