Monday, October 6, 2014

Severance pay, labor consultants: payroll from 40 to 82 euro per month – Il Sole 24 Ore

Severance pay, labor consultants: payroll from 40 to 82 euro per month – Il Sole 24 Ore

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This article was published on 6 October 2014 at 16:25.
The last change is the 6 October 2014 at 17:00.

Between 40 to 82 euro per month paycheck if you went to port the measure proposed by President Board Matteo Renzi. This is what the experts have calculated the Foundation Studies Labour Consultants in an opinion (the number 3/2014) which aims, in addition to predict the amount of the sum to be received, even to clarify all the technical steps of the proposal, illustrating the catchment area and the critical issues related to the hedging fund and pension balances.

According to the forecasts of the Foundation would come in the paychecks of workers “about 40 Euros per month (in the case of severance pay paid at 50%), about 62 euro (with severance pay disbursed to 75%) and about 82 euro per month (in case of Tfr disbursed to 100%) “. If you decide to keep the tax break today, the monthly amount would vary from about 5 euro in excess. The workers concerned of severance pay in advance paycheck should be “only the private sector employees, or about 12 million compared to more than 3 million workers in the public sector.”

For the private sector, the Foundation says, “Every year we paid 315 billion against 115 billion to pay for those public workers, for a total of about $ 430 billion a year in wages. The TFR accruing each year is approximately $ 21 billion, 451 million euro. Knowing that for companies that exceed the severance pay 49 employees left in the company is intended to INPS Treasury Fund, from which it is possible to subtract in order to avoid problems of revenue, this proposal would cover only half of the private workers, or 6 million and 500 thousand employees of private companies with fewer than 50 employees. ”

supplementary pension
Another factor to consider, for the Foundation studies of labor consultants, is the reform of supplementary pension schemes, which came into force from January 1, 2007 , to which every year is set aside 6 billion of severance pay.

“Then, there are 6 billion distributed annually to the INPS Treasury Fund and the remaining 10 billion that remain in the company. Therefore, if the proposed legislation will only cover companies with up to 49 employees, the severance pay would be about half of that total accrued, “he continues. “The severance pay, whether it is paid at the end of the report is to be partially anticipated during intercourse, enjoys a tax and social security. The first concerns a regime of preferential taxation which is 23-25% of the amount received; the second is the total exemption because the amount of severance pay does not feed the pension of workers, “he points out.

“In the past, in the event of severance pay in advance monthly paychecks by employers -remember Foundation studies in opinion- the labor courts had established a change in the nature of remuneration, which became so ordinary and not special. As a result, companies are required to pay contributions tax payments and workers with a regular rate and no longer subsidized. To maintain, therefore, the tax and contribution, we must necessarily provide adequate financial coverage. ” “The decision to allocate the severance pay for workers to supplementary pension schemes -continued- following the entry into force of the pension reform of 2006 gave the possibility to integrate the contribution method.” “If now you choose to anticipate -rimarca- the sum or any part thereof in payroll, it would create damage to the pension system is directly proportional to the number of years for which the advance is perceived.”

” The severance pay is always used -precisa Foundation studi- as a tool for self-financing. So, if you decide to anticipate every month, should provide for a system of compensation. If it is true that the severance pay is to monetize that for the future, and not that matured in the past, it is true that companies would be at risk liquidity and, therefore, need to be compensated by reducing the costs of insurance, as it was for payment to the Treasury Fund for companies with 50 employees. ” According to what has emerged from a survey carried out by the Foundation studies on micro “entrepreneurs would liquidate the severance pay to promote the business climate and at the same time to avoid having to pay sums in excess of their turnover at the end of the employment relationship of employee. ” “But -avverte- is necessary to emphasize that this proposal will not lead to an increase in wages. It is, in fact, only a self-financing system with which workers anticipate future benefits, thus putting at risk the balance of pension and directing future pensioners to a miserable existence. ”



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