Overview
- The measure was formalized in the Boletín Oficial by Decree 408/2026 published on Monday and establishes the Fondo de Asistencia Laboral (FAL) as the new vehicle to pre‑fund private‑sector indemnities.
- The decree fixes a legal start date of November 1, 2026 and requires employers to open employer‑level FAL accounts identified by an ID FAL that ARCA will collect and route to CNV‑authorized administrators.
- Contribution rates differ by firm size with MiPyMEs set at 2.5% (up to 3%) and large firms at 1% (up to 1.5%), contributions are deductible for corporate income tax, and FAL accounts are exempt from the bank debit/credit tax.
- Funds must be invested only in instruments issued and traded in Argentina, administrator fees are capped at 1% annually, and resources become usable only after the seventh monthly contribution, producing an effective lag of roughly six months.
- The rule reduces the risk that dismissed registered private workers will not get paid, may redirect steady employer flows into local fixed‑income and equity markets, and leaves key CNV and agency 'letter‑small' rules to decide timing of fund launches and employer onboarding.