Employee Benefits in Argentina 2021

Employee Benefits in Argentina 2021

Summary

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.

The report provides in-depth industry analysis, information, and insights of the employee benefits in Argentina, including an overview of the state and compulsory benefits in Argentina, detailed information about the private benefits in Argentina, 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 Highlights

- Ministerio de Trabajo, Empleo y Seguridad Social, Ministerio de Salud, Administracin Nacional de la Seguridad Social (ANSES), and Superintendente de Servicios de Salud are responsible for the functioning of the overall social security system.
- A persons 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 voluntary defined contribution and defined benefit pension plan.

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, workmens 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 Argentina.
- Assess Argentinas employee benefits market, including state and compulsory benefits and private benefits.
- Gain insights into the key employee benefit schemes offered by private employers in Argentina.
- Gain insights into key organizations governing Argentinas employee benefits, and their impact on companies.

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
- Contributions
6.7 Maternity and Paternity Benefits
- Introduction
- Eligibility
- Benefits
- Payment options
- Contribution
6.8 Other Benefits
- Family Benefits
- Unemployment Benefits
- Leaves and Holidays
7. Private Benefits
7.1 Retirement Benefits
7.2 Death Benefits
7.3 Disability Benefits
7.4 Medical Benefits
7.5 Accidental and Dismemberment Benefits
7.6 Other Benefits
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List Of Tables


Table 1: Insurance Industry Definitions
Table 2: Argentina - Country Statistics
Table 3: Argentina - Monthly National Minimum Wage 2021
Table 4: Argentina - Employer and Employee Contributions
Table 5: Argentina - Workmens Compensation Contribution Rates
Table 6: Argentina - Unemployment Benefits Based on Contribution (Laws N 24,013 and N 25,371)
Table 7: Argentina - Unemployment Benefits Based on Contribution to Construction Workers (Law No. 25,191)
Table 8: Argentina - Unemployment Benefits Based on the Collection period
Table 9: Argentina - Family Benefit Amounts by Region 2021
Table 10: Argentina - Public Holidays 2021
Table 11: Argentina - Transposable Leave Dates
Table 12: Argentina - Non-Working Days Leaves

List Of Figures


Figure 1: Argentina - Main Institutions of Social Security System

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