The Central Bank formalized the operation of the special accounts that will administer the contributions for the labor cessation fund, a tool that seeks to replace traditional compensation for dismissal.
He Central Bank of the Argentine Republic (BCRA) formalized on Monday the regulation of bank accounts special destined to channel contributions to the Labor Cessation Fund (FCL), a central tool of the labor reform promoted through the Base Law (Law 27,742) and the Decree 847/2024.
The new scheme is optional and allows companies and workers to replace the traditional scheme of compensation for seniority provided for in article 245 of the Labor Contract Law (LCT), for an early contribution system.
The measure was implemented by the Communication “A” 8288/2025which establishes the operational conditions that commercial banks must meet to enable and manage these special accounts.
How the new regime works
The system contemplates two modalities: individual accountsopen in the name of each worker, and collective fundsadministered by an entity designated in the corresponding collective agreement. In both cases, the contributions will be made by the employer, although they may also join worker’s volunteer contributionsprovided there is an agreement between the parties.
At the end of the employment relationship, the employer must transfer the accumulated funds to an account in the name of the worker. If you do not, the holder can withdraw them directly. The account will remain active for 180 days after the last movement, allowing its reactivation to a new job within the same regime.
The employer contributions will have a 8% of the computable remunerationalthough in sectors such as Construction (UOCRA) can reach the 12% during the first year.
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The mechanism can be implemented through Common investment funds (FCI) either Financial Trusts (FF)which must include in their denomination the expression “labor cessation”. The system supervision is shared Between organizations:
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He BCRA Regulates bank accounts.
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The CNV control financial instruments.
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The Superintendence of Insurance of the Nation controls insurance associated with the regime.
The funds are unattachable both in the face of employer’s debts and the worker, are Conditionally transferred in favor of the latter, and have equal fiscal treatment than traditional compensation.
Source: Ambito
