ARG LAB August Guaranteed Amount


On Aug. 1, ARG LAB published minimum guaranteed asset amount.


  • ARG LAB issued Resolution 53/2024 re occupational risk insurance firm authority.
  • Background
  • Law 24.557 established fines for Self-Insured Employers (EA), Workers' Compensation Insurers (ART), and retirement insurance companies who fail to comply with duties.
  • Law 26.417 replaced MOPRE with a certain proportion of minimum guaranteed assets.
  • Decree 404 of 2019 provided for the equivalence of the MOPRE value at twenty-two percent of the amount of the minimum guaranteed asset, per Article 13 of Law 26.417.
  • National Social Security Administration (ANSES) charged with preparation, approval, publication of the quarterly mobility index; several modifications, updates followed.
  • Established that assets will be updated monthly, per national Consumer Price Index.
  • DNU established that the first update, based on the mobility previously arranged, will become effective from the pension benefits corresponding to the month of Aug. 2024.
  • ANSES Resolution 390 of Jul. 19, 2024, established the percentage corresponding to the formula contemplated in Law 24.241 for Aug. 2024 was reported and was 4.58%.
  • Resolution 390/2024 updated Aug. 2024 as $225,454.42 minimum guaranteed asset.
  • Per Decree 1.694/09 Superintendent of Work Risks will publish updated amounts.
  • Highlights
  • The updated amount is $49,599.97; applied 1st paragraph of Art. 15 of Decree 1.694.
  • Effectiveness
  • The effects of this resolution will be applicable as of Aug. 1, 2024.
  • Sep. 2, 2024 ARG LAB Minimum Guarantee Credit
  • On Sep. 2, 2024, ARG LAB published Resolution 56, which updated the minimum guarantee credit to $ 51,598.85 applied 1st paragraph of Art. 15 of Decree 1.694.
  • Resolution 56 becomes effective as of Sep. 1, 2024.
  • Sep. 30, 2024 ARG LAB Minimum Guarantee Credit
  • On Sep. 30, 2024, ARG LAB published Resolution 62, which updated the minimum guarantee credit to $ 53,750,52 applied 1st paragraph of Art. 15 of Decree 1.694.
  • Resolution 62 becomes effective as of Oct. 1, 2024.
  • Oct. 2024 ARG LAB Minimum Guarantee Credit
  • On Oct. 24, 2024, ARG LAB issued Resolution 71, which updated the minimum guarantee credit to $55,615.67 per 1st paragraph of Art. 15 of Decree 1.694.
  • Resolution 71 becomes effective on Nov. 1, 2024.
  • (Please note this content is now deemed out of scope and will not be further updated unless there is a change in process or other noteworthy event in relation to the topic).

Regulators ARG LAB
Entity Types Corp; Ins
Reference OG, 10/24/2024; RESOL-2024-71-APN-SRT#MCH, 10/23/2024; RESOL-2024-71-APN-SRT#MCH, OG, 9/30/2024; RESOL-2024-62-APN-SRT#MCH, 9/26/2024; OG, 9/2/2024; RESOL-2024-56-APN-SRT#MCH, 8/30/2024; OG, 8/1/2024; RESOL-2024-53-APN-SRT#MCH, 7/31/2024
Functions Compliance; Financial; HR; Legal; Risk; Treasury
Countries Argentina
Category
State
Products Disability; Insurance; Retirement Plan; Workers Comp
Regions Am
Rule Type Final
Rule Date 8/1/2024
Effective Date 11/1/2024
Rule Id 221510
Linked to N/A
Reg. Last Update 10/24/2024
Report Section International

Last substantive update on 10/28/2024