Overview

• BCRA’s Communication A 8288/2025, effective August 4, obliges commercial banks to open individual and collective Fondo de Cese Laboral accounts.
• Employers may contribute up to 8% of a worker’s computable remuneration, rising to 12% in sectors like construction during the first year.
• Funds must be transferred to a worker’s account when the employment relationship ends, or workers can withdraw them directly if transfers are not executed.
• Regulation splits oversight among the BCRA for accounts, the Comisión Nacional de Valores for investment vehicles and the Superintendencia de Seguros de la Nación for related insurance policies.
• The system will take effect in practice only after collective bargaining agreements explicitly opt into the Fondo de Cese Laboral in place of traditional severance indemnities.