Bonus: when is it paid?
Historically, the second installment of the SAC was deposited before December 18. This date, which is a week before the festivities begin, moved up two days this year, so it must be paid on December 16.
The change is due to the fact that the 18th falls on a Sunday and the deposit must be made by the company on the last business day that the banks are open.
Some provinces, such as Santiago del Estero, have already confirmed the payment date. Governor Gerardo Zamora announced that the payment of the Christmas bonus for state workers in the province It will be December 14.
Bonus: how is it calculated?
The December bonus takes the best salary of the best semester of the year, so it will be higher than what will be charged in June. The SAC is calculated by taking the best salary of the second semester and dividing it in half, that will give the final amount that the workers will receive as SAC.
Something very important to keep in mind is that non-remunerative increases or training are not taken. Bonuses granted one-time or those linked to the extension of the employment contract are not included either.
To calculate it, half of the highest remuneration received in the second semester of the year must be considered for all concepts, including basic salary, overtime and any other extra paid.
In the case of workers with less than one year of seniority, the SAC is calculated according to the months worked, using either of these two formulas:
- Divide the best salary in half, divide that amount again by six and multiply the result by the months worked.
- Multiply the months worked by half of the best monthly salary and, at that result, divide it by six.
The bonus payment is proportional to the time worked per semesterthat is, that employees who have not worked the full period will receive another sum according to the following formula:
- Overtime or commissions must be added to the amount of the salary for the month in which they were paid in order to calculate the highest monthly remuneration accrued for all concepts.
What does the Christmas bonus include?
The SAC includes overtime worked, commissions, all the variables that are part of the salary, the heading “on account of future increases”.
Bonus: what happens if I don’t get paid?
For these cases, employees may carry out the complaint in the Ministry of Labor. The accusation may be made individually or collectively. Workers may also contactl Citizen Orientation Center at 0800-666-4100 to inquire about the Labor Contract Law, Mandatory Labor Conciliation Service (Seclo)regime for workers in private homes and unregistered work.
Another option is to do it in the employment offices. To know the territorial agency closest to your home, you can enter the following link: www.argentina.gob.ar/trabajo/mapa-oficinas.
What can you invest the bonus in?
- The first alternative is place the pesos in common investment funds (FCIs). A common investment fund is a patrimony made up of the contributions of different people (individuals and companies) with a specific investment objective.
- The second alternative is invest directly in ONs in dollars. Although there is a lot of demand for this type of instrument and the options are not abundant; There are possibilities of buying negotiable obligations with pesos that will pay us interest and return the principal in dollars on specified dates.
- The third alternative for investors who are willing to take more risk are the Argentine Certificates of Deposit (CEDEARs), which are shares of foreign companies listed on the local stock market, therefore, they can be purchased with pesos.
- Dollar and fixed terms: the average Argentine saver constantly analyzes whether it is convenient for him to buy dollars or invest in a fixed term. So far this year, the dollar has appreciated 4% against the peso and, according to economists, it will exceed 6% before the end of the year. Everything indicates that the dollar would rise faster than prices, so betting on the currency would be a safe option considering inflation and the presidential elections. The dollar is more convenient than fixed terms at this time since the Central Bank assured that “there will be no more rate hikes in the current economic cycle” and they even slipped a possible drop from April if the inflation reduction goals are met .
Source: Ambito
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