After the approval of the CNV of the financial instruments that may be used in the funds that aim to replace the compensation, the central advances in the creation of specific bank accounts.
He BCentral Anco of the Argentine Republic (BCRA) published a draft draft to regulate the “labor cessation bank accounts”, within the framework of the implementation of the new alternative compensation system provided for in Decree 847/2024 and the Base Law.
These special accounts will seek that, by agreement in collective agreements, monthly contributions are made to cover future dismissals. This system can replace the traditional compensation established in article 245 of the Labor Contract Law, which establishes compensation to be paid by the employer.
According to this change, The accumulated funds will be available to the worker in case of labor cessation, as stipulated in the corresponding agreement.
This future BCRA standard has two essential characteristics: exclusive destination (The funds deposited in these accounts may only be used to cover the benefits agreed in collective labor agreements), Unattainable (The balances of the accounts will be unattachable by debts of any nature, both of the worker and the employer).
Besides The accounts will be administered by authorized financial entitieswhich must bring a detailed record of the contributions and balances corresponding to each worker and the The BCRA will be in charge of establishing the applicable regulations and supervising the operation of these accounts.
The draft of the standard is in public consultation that will open on June 27 and close on July 11, which will mean A debate between employers, unions and other interested actors present observations and suggestions before their final implementation. This new scheme is part of a series of labor reforms that also include the creation of common open investment funds of labor cessation and financial trust trusts, regulated by the National Securities Commission.
Source: Ambito
