The BCRA has determined the deposit interest rate to be applied to pending labor lawsuits, in accordance with Section 55 of Law 27,802 on Labor Modernization, and has made the relevant series available.
The series reflects the weighted average of the daily effective rate paid by financial institutions on 30-day time deposits in pesos. The start date is June 3, 1993, with the series being daily updated to make sure calculations are consistent and up-to-date.
Additionally, the BCRA has enabled an interest calculator for labor lawsuits that applies this series. Users should enter the initial amount and the relevant period. The tool provides the resulting amount after applying the deposit rate, as set out in the law. The calculator also states the CER+3 adjustment—which involves applying the reference stabilization coefficient (coeficiente de estabilización de referencia, CER) plus an effective annual rate of 3%—and an amount equal to 67% of CER+3, in line with Section 55 b) and c) of the Law on Labor Modernization, which determines the ceiling and the floor for calculating interest in labor lawsuits.
The complete series, the Board resolution and the methodological annex are available on the BCRA’s institutional channels.
The BCRA thus contributes to making court-ordered compensation in labor lawsuits more predictable, transparent and homogeneous.
