SUNAFIL Warns Employers: Late CTS Deposits Lead to Substantial Fines

Lima, Peru – The Superintendencia Nacional de Fiscalización Laboral (SUNAFIL) has issued a stern reminder to employers across Peru regarding the timely deposit of Compensation for Time of Service (CTS). In an official communication, SUNAFIL highlighted the legal repercussions for companies that fail to meet their obligations within the established legal deadlines. According to SUNAFIL, employers who do not deposit CTS on time will automatically be required to pay the corresponding interest accrued due to the delay. Furthermore, such non-compliance can result in significant economic sanctions. "Companies could face fines of up to 139,742 soles," stated a SUNAFIL representative in a recent public information video, emphasizing that the exact amount of the penalty varies based on the size and type of the employing entity. The representative underscored the importance of CTS as an obligatory labor right, designed to provide financial protection to employees in the event of job termination. This vital benefit is legally mandated to be deposited twice a year, specifically in May and November, into a financial institution chosen by the employee. It was also clarified that this specific CTS benefit does not extend to workers of micro-enterprises or those employed on a part-time basis. To assist employees in understanding and calculating their rightful compensation, SUNAFIL has developed and launched a free mobile application called "Calcula tu CTS." The agency encourages all eligible workers to utilize this tool to verify their entitlements. "Know your rights and make them count," urged the SUNAFIL representative, reaffirming the institution's dedication to informing and protecting the labor rights of all Peruvians.