ARG LAB Worker Illness Fund Fixed Sum


On Jul. 29, ARG LAB established fixed sum for regulatory frameworks.


  • ARG LAB published Provision 7/2024 to set value of the fixed sum to pay in Aug. 2024.
  • Follows previous ARG LAB adjustments to the fixed amount, see #203458.
  • Background
  • ARG LAB established the mechanism for quarterly updating the value of the fixed sum provided for in Article 5 of Decree 590, through the publication of Resolution 467.
  • Performance Control Management was authorized to conduct quarterly calculations in accordance with provisions of Article 2 of the Resolution of the then MTE Y SS 467/21.
  • Resolution 649 established that for the obligations of Jul. 2022 due in Aug. of the same year, and subsequent years, fixed sum value will increase monthly according to RIPTE.
  • Considering that the update of the accrual for the month of July 2024 is applicable, it is necessary to take the values of the indices for May and April 2024 in that case.
  • To facilitate the identification of the amount to be paid into the trust fund for occupational diseases (FFEP), it is necessary to apply rules of uses and customs.
  • Rules re decimal rounding, to determine the fixed sum in Article 5 of Decree 590/97.
  • Highlights
  • Established the value of the fixed sum will be $874 for both regulatory frameworks for the month of Jul. 2024 and this new amount will be paid starting in Aug. 2024.
  • Sep. 2024 ARG LAB Compensation Payments
  • On Sep. 2, 2024, ARG LAB published Resolution 55 re updated compensation payment.
  • Calculated single payment compensation for Sep. 1, 2024 and Feb. 28, 2025, by applying variation of Average Taxable Remuneration of Stable Workers Index (RIPTE).
  • Also calculated the compensation by the application of Article 14 of Law No. 24.557 to be no less than $55,699,217, for the percentage of Permanent Labor Disability (I.L.P.).
  • Compensation per Article 15 Law 24.557, no less than $55,699,217 as minimum floor.
  • Art. 3 of Law 26.773 for death/disability no less than $10,548,218 as a minimum floor.
  • Resolution 55 will enter into force on the day after its publication, on Sep. 3, 2024.
  • Sep. 27, 2024, ARG LAB Fixed Sum
  • On Sep. 27, 2024, ARG LAB published Provision 9/2024 to establish the value of fixed sum will be $989 for Sep. 2024, this new amount will be paid starting in Oct. 2024.
  • Oct. 2024 ARG LAB Fixed Sum
  • On Oct. 25, 2024, ARG LAB published Provision 10/2024 to establish the value of fixed sum will be 1,026 for Oct. 2024, this new amount will be paid starting in Nov. 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
Reference OG, 10/25/2024; DI-2024-10-APN-GCP#SRT, 10/22/2024; OG, 9/27/2024; DI-2024-9-APN-GCP#SRT, 9/25/2024; OG, 9/2/2024; RESOL-2024-55-APN-SRT#MCH, 8/30/2024; OG, 7/29/2024; DI-2024-7-APN-GCP#SRT, 7/25/2024
Functions Actuarial and Valuation; Compliance; Financial; HR; Legal
Countries Argentina
Category
State
Products Corporate; Disability
Regions Am
Rule Type Final
Rule Date 7/29/2024
Effective Date 11/1/2024
Rule Id 221097
Linked to Rule :203458
Reg. Last Update 10/25/2024
Report Section International

Last substantive update on 10/29/2024