LEY 13.003 Collective life insurance for State staff. Buenos Aires, August 23, 1947

Because:

THE SENADO AND THE DIPUTATE CHANGE OF THE ARGENTINA NATION IN CONGRESS, ETC. ,

SANCIONAN WITH FORCE OF LEY:

ARTICLE 1. - It is mandatory and through the National Postal Savings Fund, a collective life insurance for all staff at the service of the State.

The established life insurance covers the risk of death and total and permanent disability of the agent for work.

ARTICLE 2. - The Executive Power shall have the necessary measures to ensure that the insurance begins to govern from the 1st of the month following the date of its sanction, provided to that box the necessary elements for the issuance of the respective policies

The divisions that have in force collective insurance of their staff, of an official nature, will continue with their current regime until the termination of the annual contract, then to the regime of this law.

ARTICLE 3o. -Note the amount of the insurance at $4,000 per person, with a uniform and mandatory character for all staff.

The insured person who wishes it may choose an additional amount, provided that the total capital does not exceed that established on the following scale:

 Secured capitals Salaries $ m/n. Obligatory $ Added $ m/n. Total $ m/n. m/n. Up to 300 4,000 1,000 5,000 from 301 to 500 4,000 6,000 from 501 to 700 4,000 3,000 from 701 to 800 4,000 4,000 8,000 from 801 to 900 4,000 5,000 9,000 from 901 to 4,000 6,000 10,000 forwards 

This option, for which no medical requirement will be required, must be made by the insured indefectably within three (3) months of the insurance period or the insured person ' s salary.

ARTICLE 4. - The provisional premium to be paid for this collective insurance will be $1 per month for every $1,000 of insured capital.

This premium will be adjusted on the basis of the data and reports provided by the insured.

ARTICLE 5o. - Each insured person shall contribute to the payment of the premium set out in the previous article, corresponding to the compulsory collective insurance, with the 5 0/00 of the base salary -excluding any other supplement, bonus or compensation. This individual contribution shall in no case exceed the total premium of compulsory insurance. ARTICLE 6o. - The difference, if any, between the amount corresponding to the total mandatory insurance premium of $ 4,000, set out in Article 4 of this Law, and the total amount provided by the insured for that purpose, shall be made by the State. ARTICLE 7o. - When the insured person chooses an additional capital, in accordance with Article 3, the payment of the appropriate premium shall be paid on its sole account. 8th. - The ministries, secretariats and other divisions shall retain, upon liquidation of the assets of the insured personnel, the corresponding amount, which shall be entered monthly to the National Postal Savings Fund. 9th Article. - Staff who in the future retire or cease to belong for any reason to the service of the Nation, may continue to be incorporated into the insurance, with the exclusive charge of the persons concerned the payment of the total premium

In such cases, the respective premiums will be retained through the sectionals under the National Social Insurance Institute, or paid directly to the National Postal Savings Fund.

ARTICLE 10. - At least 70% of the excess of each year that runs the exploitation of the collective life insurance of the staff at the service of the State, will be reintegrated by the National Postal Savings Fund, annually, to the National Treasury, and will be credited to the general incomes of the year in which the income is omitted. ARTICLE 11. - The Executive Branch, through the Ministry of Finance, shall adopt the respective policy and shall rule the rules of application and interpretation of this law. ARTICLE 12. - Expenditures for compliance with this Act shall be covered by general incomes, with charge to the Act, pending the inclusion of the respective items in the general budget. ARTICLE 13. - Contact the Executive.

Given in the Hall of the Argentine Congress, in Buenos Aires, on August 20, nine hundred and forty-seven.

J.HORTENSIO QUIJANO.

Alberto H. Reales.

Secretary of the Senate

RICARDO C. GUARDO.

Secretary of the DD C.

TANTO:

Please note by the National Law, fill in, report, report, report to the General Directorate of the National Register and archvese.

PERON.