Wednesday, June 15, 2016

Flexibility. early retirement: cuts up to 15%. Reductions according to the years that are missing – The Messenger

ROME How much you can reduce the final pension for those who choose to leave the work in advance with the new pension loan facility? From a minimum of 1-2 per cent to a maximum of 15, depending on the advance period, income and employment status of the person concerned. From the meeting yesterday afternoon between the government and unions have emerged some elements on flexible output formula the government study, which should be implemented in practice in the next Law of Stability. Minister Poletti and the Secretary to Nannicini Presidency have made it clear a couple of key points. The first is that, unlike what would CGIL, CISL and UIL, there will be a real review of the requirements provided by law Fornero: the cost to the state budget would be nearly 10 billion and therefore to avoid this unsustainable burden is judged You need to set up a finance type, with the intervention of the banks. But at the same time – something that is rather pleasing to confederations – would still INPS to manage relationships with retirees who will not therefore have to deal personally with banks. Many details have yet to be specified and a new meeting on security is set for June 23. But the climate of discussion in the opinion of participants was quite positive. “There is availability of the Government to the merits,” said Susanna Camusso CGIL. “It changed the climate, has activated a real confrontation,” he echoed the number one of the CISL Annamaria Furlan “. While Carmelo Barbagallo, general secretary of Uil spoke of “small positive changes.” Naturally, the unions expect to get further into the about to make a definitive judgment.

NO PENALTY
 During the meeting Undersecretary Nannicini clarified that for future treatments there will be no penalties in the sense of still cuts amount. But the check will be reduced effectively to the need to return the amount received during the period in advance in 20 years, which may go up to 3 years. That’s about the same as the mechanism function. A worker who in 2017 will have 64 years or so, then three less than those required for the old-age pension, you can choose to anticipate the exit. To do so, verify the pension accrued on the basis of contributions paid up to that point and through the INPS will sign a loan with the bank, which progressively will advance an amount equal to its income for the three years in question: for example, 70 percent of the pension due. After a three-year period he will then have accumulated a debt of 2.1 times the annual treatment. To return in 20 years will have to pay an installment of 10.5 per cent of the pension, which then will decline accordingly. If you take 100 percent of the treatment, the percentage of reduction would rise to 15. With fewer years in advance, the cuts would be obviously smaller. But these reductions are theoretical because the state will attenuate with the tax breaks that reward the lowest incomes and the workers whose companies are in crisis, almost to zero the sacrifice. They shall be borne also of the state budget of the interest on the loan and the risk of premature death of pensioners: in case of death before the end of the 20 years nothing will be due by the heirs.
 

 06/15/2016 00:00:00

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