Cts Report
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ScribdTranslationsCOMPENSATION FOR TIME OF SERVICES
What are the base calculation months for the CTS?
The CTS benefit is calculated semi-annually on April 30 and October 31 of each year; in
the indicated dates determine how many months and days are accumulated, deducting the days of
non-computable absences.
What is the computable remuneration for the calculation of the CTS?
The computable remuneration, which serves as a reference remuneration for the calculation of the
CTS is the basic remuneration and all amounts that the worker regularly receives.
in cash or in kind, as compensation for their work, whatever the denomination may be
that it be given, as long as it is at their free disposal. Legal basis: Article 9 of the Supreme Decree
No. 001-97-TR.
What is the opportunity to make the semiannual deposit?
The deposits made by the employer must be made within the first 15 calendar days.
from the months of May and November of each year. If the last day is a non-working day, the deposit can
to take place on the first business day following. Legal basis: Article 22 of Supreme Decree No. 001-97-
CALCULATION OF CTS
For the calculation of the CTS, the effective working days are taken into account. Consequently, the days
of unjustified absenteeism, as well as non-computable days will be deducted from the time of
services at the rate of one thirtieth for each of those days. By exception, they are also
computables
Absences caused by work accidents or occupational diseases or by
diseases properly verified, in all cases up to 60 days a year.
the pre and postnatal rest days;
the days of suspension of the employment relationship with payment of remuneration by the employer;
the days of strike, as long as it has not been declared improper or illegal; and, e. the days
that accrue remuneration in a dismissal qualification procedure.
Legal basis Article 8 of Supreme Decree No. 001-97-TR Consolidated Text of the CTS Law
Moreover, the computable remuneration to establish the compensation for length of service of
workers, employees, and laborers are determined based on the salary or thirty days' wages.
perceives the worker as applicable, in the months of April and October of each year. Legal basis
Article 10 of Supreme Decree No. 001-97-TR Consolidated Text of the Law on CTS
For the purpose of determining the worker's length of service during the deposit period
semester, this is between 01.05.2017 and 31.10.2017
How much CTS am I entitled to?
The first thing to know is what labor regime the company is in;
NOTE: The amounts for Minimum Vital Remuneration have been updated to S/850.00 soles
Availability of the CTS
The current legal basis on the subject of CTS availability is found in article 5 of the
Law 30334:
Workers covered by the scope of the Unified Text are authorized to
Legislative Decree 650, … to freely dispose of one hundred percent (100%) of the surplus of
four (4) gross salaries, from the deposits for CTS made in the entities
financial and that have accumulated as of the date of disposition. For this purpose, the
amount of the worker's last salary, and it will be the employers' responsibility to communicate to
the financial institutions the intangible amount of each worker.
Therefore, it is now referred to 4 remunerations as the limit amount to calculate the amount.
available.
100% (CTS–4 RB)
Available Amount
CTS = Accumulated amount in the repository.
RB = Gross Remuneration
PRACTICAL CASE
A worker wishes to know their CTS deposit for the month of November 2017.
S/ 1,000.00 soles
$85.00 soles
Computable Remuneration:
Basic Remuneration: S/1,000.00
S/85.00
1/6 Gratification: S/ 98.33
S/ 1,183.33
Calculation of CTS
RC/12 x months worked = CTS
S/591.67 soles
The amount to be deposited for the CTS for the period May-November will be
S/ 591.67 soles.
LEGAL BASIS
Supreme Decree No. 001-97-TR Unified Text of the Law on Compensatory Time Savings
The provided text is a URL and does not require translation.
Supreme Decree No. 004-97-TR Regulation of the CTS
The provided text is a URL and does not contain translatable text.
20CTS D.S.004-97-TR-15-04-97.pdf
