Overview
- Employers must deposit the Compensación por Tiempo de Servicios, a semiannual severance‑savings benefit, by May 15, 2026 for work from November to April with deposits allowed on earlier business days.
- The Labor Ministry confirmed that private‑sector staff who average at least four hours per day qualify for the May payment if they were on the payroll on April 30 and worked at least one full month in the semester.
- Current rules let employees withdraw 100% of their CTS balances at any time through December 31, 2026, covering both the May and November deposits this year.
- Starting in 2027, withdrawals will again be capped at up to half the balance except for documented cases of terminal illness or cancer, which allow full access.
- If an employer does not deposit on time, workers can file a complaint with the Labor Inspectorate, and in the event of a worker’s death the employer must notify the bank within 48 hours so 50% goes to a spouse or partner while the rest awaits a heirs ruling.