Argentina Statutory and Private Employee Benefits, 2024 Update

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

Argentina Statutory and Private Employee Benefits Overview

The Argentina social security system is comprehensive covering a wide variety of benefits such as retirement, death in service, long-term disability, short-term sickness, medical, workers’ compensation insurance, and maternity and paternity benefits. Furthermore, in Argentina, employers offer additional benefits to their employees through a defined contribution pension system, group health insurance plans, group life insurance plans, and a group personal accident insurance plan. The defined contribution pension plans are not too prevalent in Argentina because of the robust presence of the SIPA public pension system.

The Argentina employee benefits report provides in-depth industry analysis, information, and insights into employee benefits in Argentina, including an overview of the state and compulsory benefits, detailed information about the private benefits, insights on various central institutions responsible for the administration of the different branches of social security, and the regulatory framework of the employee benefits in Argentina.

Key Regulations ·       Integrated Retirement and Pension Law No. 24,241, of 1993

·       Pension Law No. 26,417

·       Social Security Law No. 25,994, of 2004

·       Employment Contract Act No. 20,744 (ECA) and its amendments

·       The Workday Act No. 11,544

Key State and Compulsory Benefits ·       Retirement Benefits

·       Death in Service

·       Long-Term Disability Benefits

·       Short-Term Sickness Benefits

·       Medical Benefits

Key Private Benefits ·       Retirement Benefits

·       Death Benefits

·       Medical Benefits

·       Disability Benefits

·       Accidental Death and Dismemberment Benefits

·       Other Benefits

Enquire & Decide Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase.

Argentina Employee Benefits - Regulations

A few of the various laws guiding employee benefits in Argentina are:

  • Integrated Retirement and Pension Law No. 24,241, of 1993
  • Pension Law No. 26,417
  • Social Security Law No. 25,994, of 2004
  • Employment Contract Act No. 20,744 (ECA) and its amendments
  • The Workday Act No. 11,544
  • The Employment Injuries Act No. 24,557
  • Employment Law No. 24,013
  • The Collective Bargaining Act No. 14,250
  • Universal Health Care, 2016

Buy the Full Report for More Insights on Employee Benefits Regulations in Argentina

Download a Free Report Sample

Argentina Employee Benefits - State and Compulsory Benefits

The key state and compulsory benefits offered by employers in Argentina are retirement benefits, death in service, long-term disability benefits, short-term sickness benefits, medical benefits, workers’ compensation insurance, maternity and paternity benefits, and other benefits.

Retirement Benefits: Retirement benefits ensure that employees receive an assured level of financial protection after their working lives are over. In Argentina, it is provided in three forms including, old-age pension, advanced old-age pension, and non-contributory old-age pension. Old-age pension is a compulsory social insurance scheme covering employees and self-employed individuals. It is also offered as a voluntary scheme for people affiliated with professional provincial systems, clergy, housewives, directors, shareholders, board members of cooperatives, and certain other groups of people.

Argentina State and Compulsory Benefits

Argentina State and Compulsory Benefits

Buy the Full Report to Know More About State and Compulsory Employee Benefits in Argentina

Download a Free Report Sample

Argentina Employee Benefits - Private Benefits

The key private benefits offered by employers in Argentina are retirement benefits, disability benefits, death benefits, medical benefits, accidental death and dismemberment benefits, and other benefits.

Retirement Benefits: A few large multinational employers provide supplementary retirement plans which are mainly established through the ‘Collective Bargaining Agreement for employees of the commercial and services sector (CBA 130/75)’ and mandatory for the employees of that organization. Moreover, all the full-time employees of a company are eligible to avail of this benefit. The normal retirement age is 65 years for men and 60 years for women. The benefits are paid as a lifelong annuity and under this plan death and disability benefits are also offered by employers to their employees.

Argentina Private Employee Benefits

Argentina Private Employee Benefits

Buy the Full Report to Know More about Private Employee Benefits in Argentina

Download a Free Report Sample

Scope

This report provides a detailed analysis of employee benefits in Argentina:

  • It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits
  • It covers an exhaustive list of employee benefits, including retirement benefits, death in service, long-term disability benefits, medical benefits, workmen’s compensation insurance, maternity and paternity benefits, family benefits, unemployment, social inclusion programs, leaves and holidays, and private benefits
  • It highlights the economic and regulatory situations relating to employee benefits in Argentina

Key Highlights

• Ministry of Labor, Employment and Social Security(Ministerio de Trabajo, Empleo y Seguridad Social), Ministry of Health (Ministerio de Salud), ANSES (Administración Nacional de la Seguridad Social), and Superintendent of Health Services (Superintendente de Servicios de Salud) organizations are responsible for the functioning of the overall social security system.

• A person’s national insurance contribution is determined based on their income.

• An insured person who is unemployed or unable to work and whose benefits have been exhausted is entitled to credited contribution.

• In Argentina, employers provide voluntary retirement benefits to their employees through supplementary retirement plans

Reasons to Buy

  • Make strategic decisions using in-depth information related to employee benefits in the country.
  • Assess employee benefits of the market, including state and compulsory benefits and private benefits.
  • Gain insights into the key employee benefit schemes offered by private employers in the country.
  • Gain insights into key organizations governing the employee benefits market, and their impact on companies.

Table of Contents

  • 1. Executive Summary
  • 2. Introduction

    • 2.1. What is this Report about?
    • 2.2. Definitions

  • 3. Country Statistics
  • 4. Overview of Employee Benefits in Argentina
  • 5. Regulations
  • 6. State and Compulsory Benefits

    • 6.1. Retirement Benefits

  • – Introduction
  • – Eligibility
  • – Benefits
  • – Payment Options
  • – Contribution

  • 6.2. Death in Service
  • – Introduction
  • – Eligibility
  • – Benefits
  • – Payment Options
  • – Contribution

  • 6.3. Long-Term Disability Benefits
  • – Introduction
  • – Eligibility
  • – Benefits
  • – Payment Options
  • – Contribution

  • 6.4. Short-Term Sickness Benefits
  • – Introduction
  • – Eligibility
  • – Benefits
  • – Payment Options
  • – Contribution

  • 6.5. Medical Benefits
  • – Introduction
  • – Eligibility
  • – Benefits
  • – Payment Options
  • – Contribution

  • 6.6. Workers’ Compensation Insurance
  • – Introduction
  • – Eligibility
  • – Benefits
  • – Payment Options
  • – Contribution

  • 6.7. Maternity and Paternity Benefits
  • – Introduction
  • – Eligibility
  • – Benefits
  • – Payment Options
  • – Contribution

  • 6.8. Other Benefits
  • – Unemployment Benefits
  • – Family Benefits
  • – Minimum Resources Benefits
  • – Leaves and Holidays

  • 7. Private Benefits

    • 7.1. Retirement Benefits
    • 7.2. Death Benefits
    • 7.3. Medical benefits
    • 7.4. Disability Benefits
    • 7.5. Accidental Death and Dismemberment Benefits
    • 7.6. Other Benefits

  • 8. About GlobalData
  • 9. Contact Us

Table

Table 1: Insurance Industry Definitions

Table 2: Argentina – Country Statistics, 2023

Table 3: Argentina – Monthly National Minimum Wage 2024

Table 4: Argentina – Minimum Wages, 2024

Table 5: Argentina – Employer and Employee Contributions

Table 6: Argentina – Workmen’s Compensation Contribution Rates

Table 7: Argentina – Unemployment Benefit based on Contribution (Laws No. 24,013 and No.25,371)

Table 8: Argentina – Unemployment Benefit Based on Contribution to Construction Workers (Law No. 25,191)

Table 9: Argentina – Unemployment Benefit Collection period

Table 10: Argentina – Family benefit amount by region 2024

Table 11: Argentina – Food Card Amounts, 2024

Table 12: Argentina – Annual Leaves

Table 13: Argentina – Public Holidays 2024

Table 14: Argentina – Transposable Leave Dates

Table 15: Argentina – Non-Working Days Leaves

Figures

List of Figures

Figure 1: Argentina – Main Institutions of Social Security System

Frequently asked questions

Argentina Statutory and Private Employee Benefits, 2024 Update standard reports
Currency USD
$1,495

Can be used by individual purchaser only

$2,990

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company


Undecided about purchasing this report?

Enquire Before Buying Request a Free Sample

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

Sample Report

Argentina Statutory and Private Employee Benefits, 2024 Update was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying
testimonial-image
testimonial-image
testimonial-image
testimonial-image
testimonial-image
testimonial-image
testimonial-image

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS

Related reports

View more Insurance reports
Financial Services
New
Wealth Management Trends and Themes in 2024
$5,250 | May 2024
Financial Services
New
Peru Insurance Industry - Key Trends and Opportunities to 2028
$1,450 | May 2024
Financial Services
New
Broker Distribution Insight 2024 - Which Insurers Lead the Way?
$1,995 | June 2024
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Argentina Statutory and Private Employee Benefits, 2024 Update in real time.

  • Access a live Argentina Statutory and Private Employee Benefits, 2024 Update dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.