Employee Benefits in Argentina, 2022 Update – Key Regulations, Statutory Public and Private Benefits, and Industry Analysis
Powered by
All the vital news, analysis, and commentary curated by our industry experts.
The development of Argentine social security programs and policies started in the early 20th century. At present, the system has numerous policies and programs, including compulsory social insurance and social assistance. The system provides both basic social protection and a higher level of protection. Under basic social protection, family allowance and retirement benefits are provided to families and workers employed in the informal sector, while compulsory contributory insurance schemes are provided under a higher level of protection systems.
Argentina employee benefits market research report is the result of extensive research into the social security and private employee benefits in Argentina It provides insights into the wide range of employee benefits such as retirement benefits, long-term and short-term sickness benefits, and medical benefits as well as other state and private benefits offered by employers in Argentina The primary sources used for gathering the information in this report were the Social Security Administration (SSA) and the Ministry of Labor Employment and Social Security.
Major State and Compulsory Benefits in the Argentina Employee Benefits Market
Major state and compulsory benefits in the Argentina employee benefits market include retirement benefits, death in service, long-term disability benefits, short-term sickness benefits, medical benefits, worker’s compensation insurance, maternity and paternity benefits, and other benefits.
Retirement Benefits in the Argentina Employee Benefits Market
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: old-age pension, advanced old-age pension, and non-contributory old-age pension. The old-age pension is further divided into three components: universal old-age pension (PBU), compensatory benefit (PC), and additional stay benefit (PAP).
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. The Argentine social security system also has special provisions for military, security, university professors, municipalities, foreign ministry diplomats, teachers, judicial authorities, household workers, workers in the energy sector, scientific researchers, rural workers, and people working for the police.
Short-Term Sickness Benefits in the Argentina Employee Benefits Market
Short-term sickness benefits are provided to employees who are unable to perform their role in the organization because of an illness or accident. Law No. 20,744 of 1976 on Labor Contracts and Law No. 24,557 of 1995 on Labor Risks regulate short-term sickness benefits in Argentina.
Medical Benefits in the Argentina Employee Benefits Market
The Ministry of Health supervises and controls Argentina’s medical benefits scheme while the Superintendent of Health Services coordinates and administers these benefits. It covers employed people, the self-employed, the unemployed, the elderly (aged above 65), trainees, and household workers.
Worker’s Compensation Insurance in the Argentina Employee Benefits Market
Workmen’s compensation is an employer-liability system, and employers are liable to pay this benefit. It covers all employees working in the public and private sectors, trainees, and household workers. Voluntary coverage is extended to self-employed persons. In October 2012, a new Law No. 26,773, was introduced, amending the general law governing the workers’ compensation system (Labor Risk Law No. 24,557). The Ministry of Labor, Employment, and Social Security administers the workers’ compensation insurance in Argentina.
For more insights on each of the state and compulsory benefits, download a free sample report
Major Private Benefits in the Argentina Employee Benefits Market
- Retirement Benefits
- Death Benefits
- Disability Benefits
- Medical Benefits
- Accidental Dismemberment Benefits
For more insights on each of the private benefits, download a free sample report
Market report overview
Major state and compulsory benefits | Retirement Benefits, Death in Service, Long-Term Disability Benefits, Short-Term Sickness Benefits, Medical Benefits, Worker’s Compensation Insurance, Maternity And Paternity Benefits, and Other Benefits |
Major private benefits | Retirement Benefits, Death Benefits, Disability Benefits, Medical Benefits, and Accidental Dismemberment Benefits |
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, leaves and holidays and private benefits
- It highlights the economic and regulatory situations relating to employee benefits in Argentina
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 employee benefits market, and their impact on companies
Table of Contents
Table
Figures
Frequently asked questions
-
What are the major state and compulsory benefits in the Argentina employee benefits market?
The major state and compulsory benefits in the Argentina employee benefits market are retirement benefits, death in service, long-term disability benefits, short-term sickness benefits, medical benefits, worker’s compensation insurance, maternity and paternity benefits, and other benefits.
-
What are the major private benefits in the Argentina employee benefits market?
The major private benefits in the Argentina employee benefits market are retirement benefits, death benefits, disability benefits, medical benefits, and accidental dismemberment benefits.
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.