CTS: president of Congress signed the law

The Executive Branch has 10 days to promulgate it or observe it, failing that.

On Thursday afternoon, president of the Congress of the Republic, Alejandro Sotosigned the law autograph that allows workers to have 100% of their Compensation for Time of Service (CTS) until December 31, 2024. Soto expressed that this measure responds to the demands of the working class.

According to the financial expert of the Pacífico Business School, Jorge Carrillo Acostathe disbursement of these funds could begin as early as the first week of June.

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CTS: observation process

The processing of the norm implies that Congress will send the autograph of the plenary session to the Executive power, who will have 10 days to observe or promulgate it. If observed, Congress will approve it by insistence until May 23and the next day it will be promulgated in the official newspaper El Peruano.

Then he Ministry of Labor will have until 3 of June to publish the regulations so that workers can withdraw the funds the next day.

The plenary session of Congress approved the 100% CTS release with 98 votes in favor, allowing citizens to face the impact of inflation and economic recession. The measure will be applied exceptionally until December 31, 2024 for workers included in the Single Ordered Text of Legislative Decree 650.

On the other hand, the Minister of Economy and Finance, José Aristasuggested that the withdrawal be made leaving an amount equivalent to four minimum wages, to guarantee a reserve that allows the time necessary to find another job.