Employee Benefits in Argentina 2020

Employee Benefits in Argentina 2020

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 the 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: 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 (Ministry of Labor, Employment and Social Security) is responsible for the functioning of the overall social security system.
  • Argentina’s social security system comprises two main branches: social insurance and social assistance.
  • At present, the system has numerous policies and programs, including compulsory social insurance and social assistance.
  • In Argentina, private benefit plans are provided by companies as a supplement to statutory benefits and are voluntary.
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 Argentina.
  • Assess Argentina’s 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 Argentina’s 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
6.1.1 Introduction
6.1.2 Eligibility
6.1.3 Benefits
6.1.4 Payment Options
6.1.5 Contributions
6.2 Death in Service
6.2.1 Introduction
6.2.2 Eligibility
6.2.3 Benefits
6.2.4 Payment Options
6.2.5 Contributions
6.3 Long-Term Disability Benefits
6.3.1 Introduction
6.3.2 Eligibility
6.3.3 Benefits
6.3.4 Payment Options
6.3.5 Contributions
6.4 Short-Term Sickness Benefits
6.4.1 Introduction
6.4.2 Eligibility
6.4.3 Benefits
6.4.4 Payment Options
6.4.5 Contributions
6.5 Medical Benefits
6.5.1 Introduction
6.5.2 Eligibility
6.5.3 Benefits
6.5.4 Payment of Options
6.5.5 Contribution
6.6 Workmen’s Compensation Insurance
6.6.1 Introduction
6.6.2 Eligibility
6.6.3 Benefits
6.6.4 Payment Option
6.6.5 Contributions
6.7 Maternity and Paternity Benefits
6.7.1 Introduction
6.7.2 Eligibility
6.7.3 Benefits
6.7.4 Payment Options
6.7.5 Contributions
6.8 Other Benefits
6.8.1 Unemployment Benefits
6.8.2 Family Benefits
6.8.3 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 Death and Dismemberment Benefit
8 APPENDIX
8.1 Methodology
8.2 Contact GlobalData
8.3 About GlobalData
8.4 GlobalData’s Services
8.5 Disclaimer
List of Tables
Table 1: Insurance Industry Definitions
Table 2: Argentina - Country Statistics
Table 3: Argentina - Monthly National Minimum Wage, November 1, 2019, to October 31, 2020
Table 4: Argentina - Employer and Employee Contributions
Table 5: Argentina - Workmen’s Compensation - Contribution Rates
Table 6: Argentina - Unemployment Benefits, Based on Contribution
Table 7: Argentina - Unemployment Benefits, Based on Contribution to Construction Workers
Table 8: Argentina - Unemployment Benefits, Collection period
Table 9: Argentina - Family Benefit, Amounts by Region (2020)
Table 10: Argentina - Public Holidays 2020
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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