Overview
- Peru’s Congress enacted Law No. 32732 to authorize a S/4,160 million supplementary credit and guarantee a minimum S/300 gratificación for workers under the CAS contract regime.
- The Ministry of Economy and Finance has presented a five‑year gradual implementation plan that starts at 10% of monthly pay in 2026 and reaches 100% by 2030, but concrete payment rules await a MEF decreto supremo and budget execution.
- The MEF told unions the July 2026 payment would be made by complementary payrolls, yet sources say the decree may be postponed for the incoming administration, leaving timing and regional funding unclear.
- Argentina published Decreto 612/2026 on Monday that defines the contribution base as the salary basic conventional plus normal, habitual monthly remunerative items and explicitly excludes bonuses, overtime, aguinaldo and other non‑regular pay.
- The Argentine decree also requires employer‑agreed contributions to be used only for social, assistential, previsional or cultural works and kept in separately administered funds, a technical clarification that has prompted union negotiations and contested reporting over whether the 2% cap was removed.