MINISTERY OF WORK AND SOCIAL SECURITY

Decree 1266/92

Refer to article 3 of Decree 589/91 and article 13 of Decree No. 420/85.

Bs. As., 20/7/92

VISTO Nros Decrees. 589/91 and 420/85; and

CONSIDERING:

Which policy reasons for collection and the current conditions of the financial system suggest that the interests set out in article 3 of Decree No. 589/91 be abolished, without prejudice to maintaining the validity of the rule in article 1.

That the coexistence of two forms of juxtaposed interests conspires against the necessary unity of the calculation system, which must meet the requirements of simplicity and public knowledge in order to achieve the operational simplification of the control, determination and perception of the obligations in question.

It is also advantageous to enable the true and elementary knowledge of those responsible and obliged, thus achieving the certainty and agility necessary to facilitate the spontaneous cancellation of the credits referred to.

That the same foundations poured into the first and second considerations of this decree underpin the desirability of repealing article 13 of Decree No. 420/85, in the face of the possibility of simultaneous application of different debt payment plans that are maintained with the Unique Social Security System.

That the precited provision has also lost virtuality, since the economic and financial conditions that gave rise to its dictation are different from the current macroeconomic orientation, framed by the economic stability achieved.

That the present measure fits the powers set out in article 86, paragraph 2 of the National Constitution.

Therefore,

THE PRESIDENT OF THE ARGENTINA NATION

RIGHT:

Article 1.- Refer to article 3 of Decree No. 589/91 and article 13 of Decree No. 420/85.

Art. 2°- Contact, post, give to the National Directorate of the Official Register and archvese.- MENEM.- Rodolfo A. Diaz.