NewzPrivate sector employees in Peru are set to receive the second Compensación por Tiempo de Servicios (CTS) deposit of the year. Employers are required to make the deposits until Monday, November 16, extending slightly past the usual November 15 deadline.
Often described as an unemployment insurance mechanism, the CTS amount generally equals half a month's salary for full-payroll employees and a quarter of a month's salary for others. Workers will be permitted to withdraw 100% of this upcoming November deposit.
Looking ahead, questions remain regarding the regulatory landscape and what specific rules or changes will govern the CTS system starting in the year 2027.
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