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Three Senators Move to Repeal Argentina’s New Severance Fund as Court Freeze Holds

The push signals a widening split over the law’s severance fund, now paused by a court order.

Overview

  • Senators Flavia Royón, Alejandra Vigo and Carolina Moisés filed a joint bill Tuesday to scrap Title II of Law 27.802, which created the employer-funded severance account called the Labor Assistance Fund.
  • The sponsors say the fund would cut employer payroll contributions and open a revenue gap of about 3.28 trillion pesos, which they argue would strain pensions and shared federal transfers.
  • The filing argues the new setup weakens the deterrent effect of severance pay and could drive higher staff turnover, with simulations showing a micro firm needs 6 years and 9 months to build cover that a large company can amass in 2 months.
  • A labor-court injunction has already suspended 70 to 80 articles of the reform, including the fund, and the government has appealed through the Human Capital Ministry.
  • The senators’ break, tied to pressures from provincial allies, keeps the fight alive in Congress and the courts and leaves employers and workers unsure how dismissals will be financed.