Overview

• The Superintendencia de Seguros de la Nación’s July 10 resolution puts the Fondo de Cese Laboral into effect as a voluntary alternative to indemnización por antigüedad under collective bargaining agreements.
• Employers will make periodic contributions to special accounts held by SSN-authorized life or retirement insurers to pre-fund severance obligations.
• Employees can top up individual accounts with voluntary savings that remain immediately accessible, while employer-funded balances are released upon contract termination.
• Insurers may invest pooled contributions in protected portfolios to seek higher returns and the funds are shielded from seizure.
• Initial interest has emerged in private security, gastronomy and agriculture, aligning with Javier Milei’s Ley de Bases reforms to modernize labor relations and formalize employment.