INTEGRATED SYSTEM OF JUBILATIONS AND PENSIONS

Decree 562/97

Rules 110 and 111 of Act No. 24,241.

Bs. As., 20/6/97

B.O.: 24/06/97

VISTO, articles 110 and 111 of Act No. 24,241, and

CONSIDERING:

That the articles quoted in the Hittite determine the requirements for access to early retirement and delayed retirement.

That both benefits constitute the modalities of ordinary retirement, this benefit of the Capitalization Regime, and the consequences of its granting must be determined.

That in the regulation of article 34 of Law No. 24,241, replaced by Article 6 of Law No. 24,463, contained in Decree No. 525 of 22 September 1995, which regulates the different situations of re-entry into the activity of participants who receive the benefits of forecasts, it is stated that "the contributions of the participants who receive exclusively regular retirement shall be assigned to the system of employment.

That such a premise should be maintained in the case of members who, using the options provided for in the articles that are regulated, received their regular retirement in advance or postponed.

That the present is dictated in the use of the powers conferred by article 99, paragraph 2, of the NATIONAL CONSTITUTION.

Therefore,

THE PRESIDENT OF THE ARGENTINA NATION

RIGHT:

Article 1Regulation 110 of Act No. 24,241.

1. The age to be valued for the purpose of granting early retirement is that which results from applying the scale provided for in article 128 of the law that is regulated.

2.- The balance of the individual capitalization account of the participant who wants to obtain an early retirement must be sufficient to meet the requirements referred to in subparagraphs (a) and (b) of the article that is regulated.

3.- If the participant who receives early retirement continues or returns to an activity covered by Article 2 of Law No. 24,241. your contributions will be made to your capitalization account and contributions to the Cast Regime.

Contributions to the Capitalization Regime shall not be subject to the collective disability and death insurance commission, as defined in article 99 of the above-mentioned Act.

4.- If the participant who receives early retirement is invalid, he/she will continue to receive the same benefit and if he/she dies, his/her beneficiaries will be entitled to a pension on death of a beneficiary.

5.- From the moment the beneficiary devenges the Universal Basic Benefits, the provisions of article 34 of Act No. 24,241 and amendments and regulations shall apply to him.

Art. 2o-Rule 111 of Act No. 24,241.

1.- Deferred retirement from SESENTA and CINCO (65) years of age may be accessed.

2.- The employer ' s agreement to continue in the activity in the event that the participant who performs in connection with dependency has the age necessary to access the ordinary retirement, will only be necessary when the worker meets the requirements set out in the regulation of article 252 of the Labour Contracts Act (t. 1976 and amendments) contained in article 5 of Decree No. 679 of 11 May 1995.

3. - The contributions of the dependent worker who has opted to postpone his retirement will be allocated to his capitalization account and contributions to the Reparto Regime.

4.- Of the contributions of the self-employed who continue in the activity after acquiring the right to regular retirement, ONCE (11) points will be assigned to their individual capitalization account and DIECISEIS (16) to the Cast Regime.

5. The death of the participant covered by the article that is regulated will result in the death of the beneficiary.

Art. 3o-SUPERINTENDENCL\ DE ADMINISTRADORS DE FONDOS DE IUBILATIONS AND PENSIONS (SAFJP) is empowered to dictate the clear and complementary norms of the present, establishing the operating mechanisms for its implementation.

Art. 4o-Communicate, publish, give to the National Directorate of the Official Register and archvese. -MENEM.- Jorge A. Rodríguez -José A. Caro Figueroa