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The Latest News from Latin America

Peru:   Reduction in pension and health care contributions approved 
The Peruvian Congress has approved a proposal to cut the amount that workers contribute towards benefits such as pension and health care. In a separate decision, Congress also approved a measure that will enable workers to make withdrawals from their temporary compensation reserves during the next year. Both these laws were approved on April 29, 2009, and serve to provide some relief to workers and counteract the effects of the current economic crisis.
[May, 2009]

Bolivia:   Labor regulations tightened 
Three new labor regulations passed on May 1, 2009 extend employers’ responsibilities to their workers in Bolivia. These new regulations include changes in severance payment eligibility, new provisions to establish a decent working environment and the extension of equal treatment to workers who only work indirectly for the company.
[May, 2009]

Argentina:   Incentives passed to dissuade illegal working 
The Argentinean government has passed a set of incentives to encourage employers to register any of their employees who are currently working illegally. These measures are effective as of March 9, 2009 and include a reduction in employers’ social security contributions for the next two years.
[April, 2009]

Argentina:   Income ceiling on social security contributions raised  
The income ceiling on social security contributions has been raised by the Argentinean government. This March 1, 2009 ruling imposes higher rates of contribution on higher ranges of salary.
[April, 2009]

Costa Rica:   Relief announced for outstanding social security obligations  
On March 5, 2009, the Costa Rican Social Security Fund (CCSS) announced relief measures for employers with outstanding social security obligations. These measures include extending planned payment schedules and lighter requirements for employers who have failed to make timely payments.
[March, 2009]