The norm, in detail
Labor: the FAL replaces severance pay
Decree 408/2026 (Official Gazette 06-01-2026)
in forceNATIONAL
Labor
Derives from: The comprehensive labor reform is now law
What changed and who it applies to
What changed
Decree 408/2026 regulates Title II (Labor Assistance Fund, FAL) of the Labor Modernization Law 27.802. It creates a new severance system via individual capitalization funds administered by CNV-authorized entities, replacing the traditional severance-pay regime. verif · Jun 1, 2026 ↗
In force
The FAL takes effect on 11/01/2026 (extended by art. 27 of the decree). verif · Jun 1, 2026 ↗
Who it affects
Private-sector employers (except relationships excluded by the law and the public sector). ARCA, the CNV, ANSES and the Labor Secretariat are involved. verif · Jun 1, 2026 ↗
The norm
Decreto 408/2026, published in the Boletín Oficial on Jun 1, 2026; it implements Title II of Ley 27.802. verif · Jun 1, 2026 ↗
Our reading
It lowers the cost and litigation of dismissal — a central piece of the 'Argentine cost' — and gives predictability to the employer who wants to hire (R4 · opening and deregulation). It aims directly at the rebirth of formal private employment, the pillar of the program that needs it most. thesis
Where it lands, province by province1
Neuquén Vaca Muerta has expensive, highly unionized labor (Petroleros Privados). Lowering the cost and litigation of dismissal (FAL) improves the netback of operators and suppliers → reinforces the demand for satellite services. (The effect on aggregate employment is tracked on the program dashboard.) favorable better export netback thesis
The other rules on this subject8
The comprehensive labor reform is now lawLaw 27,802 (Official Gazette, Mar 6, 2026, promulgated by Decree 137/2026)in force
Hire formally for 4 years with employer contributions of 2%+3%Decree 315/2026 (Official Gazette, May 4, 2026), implementing Law 27,802 Title XXin force
The labor reform lands: transparent pay slip, ARCA and the end of ultra-activityDecree 407/2026 (Official Gazette, Jun 1, 2026)in force
Ley Bases: labor modernization and registered employmentLaw 27.742, Titles IV-V (Decree 847/2024); Title II Ch. IV (Decree 695/2024)in force
Workers' compensation: 122 obsolete occupational risk rules repealedSRT Resolution 35/2026 (Official Gazette, Jul 28, 2026)in force
Ignacio Aredez· Chief analyst
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