Final settlement of employment benefits

Leaving a job in Peru is not just the last salary: the proportional parts of the CTS fund and the statutory bonus are still owed, along with untaken holiday and, if the dismissal was unfair, compensation.

Enter both dates and each line is shown separately.

Every benefit counts from the start of its own period to the leaving date, not from the day you joined.

The pro-rata bonus runs from 1 January or 1 July; the pro-rata CTS from 1 May or 1 November. Holiday is paid for the days never taken. Compensation only appears if you mark unfair dismissal.

"Pro-rata" means exactly that: the benefit is paid for the share of the period actually worked. Each benefit has its own period, which is what trips people up. Leaving in September, the pro-rata bonus counts from July -three months- while the pro-rata CTS counts from May -five months-, even though both are paid on the same day.

Unfair dismissal compensation is one and a half salaries per completed year of service, capped at twelve salaries. It does not apply on resignation, at the end of a fixed-term contract, or where a just cause has been proven, nor during the three-month probation period.

The settlement must be paid within 48 hours of leaving; after that, statutory interest accrues.

This calculation leaves out company-specific items -profit share, bonuses, variable commissions, travel allowances- and any income tax due on the taxable lines.