Overview
- Sunafil, which renewed its warning Tuesday, set a May 15 cutoff for employers to deposit the semiannual Compensación por Tiempo de Servicios or face fines from S/2,475 up to S/143,660.
- The labor watchdog said depositing the benefit in a bank other than the one chosen by the worker counts as a serious breach subject to sanctions.
- Banks and cajas lifted CTS yields ahead of the deposit window, with SBS data showing the average bank rate rising from 2.42% in March to 3.01% by May 8, and some lenders offering 5% or more.
- Law No. 32322 allows full withdrawals through December 31, 2026, yet many deposits first appear as an “accounting balance” and can take about 48 hours to become available for cash out.
- Employers must deliver a CTS breakdown within five days of the deposit or risk a fine of up to S/84,460, according to the Lima Chamber of Commerce.