Workers have withdrawn 12,695 million soles from their CTS

Despite the fact that the funds of the Compensation for Time of Services (CTS) are intangible and are intended only to cover economically its beneficiaries when they are unemployed, in the five withdrawals that have been approved so far the workers have withdrawn 12,695 million soles. According to official figures of the Superintendency of Banking, Insurance and AFP (SBS), as of December 2019, when no withdrawal was yet authorized, the deposits …