Severance pay: set the coefficient of July for the T.F.R.

The appreciation rate for severance indemnities (T.F.R.) contributions, accrued at 31 December 2009, amounted to 1.869109%.

The appreciation rate for severance indemnities (T.F.R.) contributions, accrued at 31 December 2009, amounted to 1.869109%.

 

(Il Sole 24 Ore)

INPS: wage guarantee as a supplement to earnings

INPS issued its memorandum no. 107 on 5 August 2010, specifying that individuals receiving wage guarantee benefits do not necessarily lose these benefits upon finding work as an independent contractor or employee.

INPS issued its memorandum no. 107 on 5 August 2010, specifying that individuals receiving wage guarantee benefits do not necessarily lose these benefits upon finding work as an independent contractor or employee. Benefit payments and job earnings are not mutually exclusive but must be considered according to the situations that arise in the present complexity of the employment relationship. For example, workers may not continue to collect wage guarantee benefits if they accept a new full-time job under an open-ended contract. If the original employment relationship ends, partial or total cumulative benefits are possible. Benefit recipients may continue to receive the wage guarantee if they accept a temporary, occasional job paid with vouchers (up to € 3,000 per year) or part-time work as long as long as the job is worked in a time frame compatible with the suspended employment relationship, or in respect of the maximum weekly work schedule.

 

(Il Sole 24 Ore)

“On the job” training for companies in distress

More than a year since the issue of the stimulus package under Law Decree 78/2009 (Law 102/2009), the rules have been defined for fully implementing the job saving legislation.

More than a year since the issue of the stimulus package under Law Decree 78/2009 (Law 102/2009), the rules have been defined for fully implementing the job saving legislation. The agencies issuing the clarification were INPS, with message no. 20810/2010 regarding the contribution aspects, and INAIL, with note issued on 2 July 2010, concerning computation of the insurance premium. The inter-ministerial Work-Economy Decree dated 18 December 2009 set forth that workers who were receiving income supplements with job preservation benefits (wages guarantee fund, extraordinary wages guarantee fund, wages guarantee fund in exception, and solidarity contracts) can be involved by employers in training or professional redevelopment projects. This brings dual benefits – the company can take advantage of the periods of “work stoppage” by involving laid off employees in training activities; workers earn a bonus, paid by the employer, which covers the difference between the salary supplements and the compensation that would have been paid under normal production activity. The condition to access these benefits is stipulating a specific trade union agreement.

 

(Il Sole 24 Ore)

Supplementary pension: Covip standardizes the procedures

Covip (the Pension Fund Supervision Commission) has taken steps to standardize the procedures relating to forms and communications but also registration and payment of the related contribution to supplementary pension.

Covip (the Pension Fund Supervision Commission) has taken steps to standardize the procedures relating to forms and communications but also registration and payment of the related contribution to supplementary pension. On this issue, the Commission has defined three communications outlines according to whether these are mutual funds, open funds, or Individual Pension Plans in a defined contribution plan which must be sent to enrollees at the latest by 31 March of each year. This notice represents a statement of the individual contribution situation accrued at 31 December of the previous year, the transactions carried out in the year and the actual costs incurred.

 

(Il Sole 24 Ore)

Inland Revenue: special tax system for payments productivity-related payments

The Inland Revenue Office issued note no. 109657 dated 30 July 2010 which interpreted article 2, letter c), section 1 of Law no. 93/2008 (instituting the special tax regime or a 10% substitute tax on IRPEF and surcharges), envisage that, if connected to increases in productivity,

The Inland Revenue Office issued note no. 109657 dated 30 July 2010 which interpreted article 2, letter c), section 1 of Law no. 93/2008 (instituting the special tax regime or a 10% substitute tax on IRPEF and surcharges), envisage that, if connected to increases in productivity, performance and efficiency, additional pay for nighttime or overtime hours as well as the underlying base compensation can be subject to this tax structure. The Agency found that this interpretation aims to favour additional pay for improvements in productivity, innovation and new or better organization of the work.

 

(Il Sole 24 Ore)

                                                                                                                            

INPS: opening extensions of wage guarantees in exception

With message no. 20024/2010, INPS affirmed that in the case where the company has used wage guarantees in exception for longer than twelve months with an interruption between the periods of use prior to 1 January 2009

With message no. 20024/2010, INPS affirmed that in the case where the company has used wage guarantees in exception for longer than twelve months with an interruption between the periods of use prior to 1 January 2009 and subsequent to it, only the periods subsequent to 1 January 2009, whether continuous or non continuous, can be used to determine the percentage decrease in the benefits. If there was no interruption, the extension periods will be added together.

 

(Il Sole 24 Ore)

Leave of absence changes and relevant forms

By means of notice 99/10, INPS provides operational information about the latest news regarding work abroad postings introduced by the two regulations: E.C. no. 883/04 and no. 987/09, effective as of May 1.

By means of notice 99/10, INPS provides operational information about the latest news regarding work abroad postings introduced by the two regulations: E.C. no. 883/04 and no. 987/09, effective as of May 1. From this date, the maximum amount of leave doubled from 12 to 24 months. The E102 form has been nullified and replaced by the E101 form using the A1 form formula allowing for a 24 month period of leave. INPS has circulated a copy of the A1 form.

(il Sole 24 Ore)

INPS: Special Leave Granted for Assistance to Disabled Family Members

By means of notice no.17899 from July 6 2010, referring solely to the private sector, INPS confirms that funds allotted for the two year special leave granted to those giving assistance to a disabled family member shall be provided by INPS.

By means of notice no.17899 from July 6 2010, referring solely to the private sector, INPS  confirms that funds allotted for the two year special leave granted to those giving assistance to a disabled family member shall be provided by INPS.

(il Sole 24 Ore)

Work and disability: special leave

By means of notice no. 17899 from July 6 2010, INPS announced that allowances given to workers qualifying for special leave in order to care for people with severe disabilities must be paid by the employer using funds provided by INPS as well as in situations where private sector workers are affiliated with another institution.

By means of notice no. 17899 from July 6 2010, INPS announced that allowances given to workers qualifying for special leave in order to care for people with severe disabilities must be paid by the employer using funds provided by INPS as well as in situations where private sector workers are affiliated with another institution. The leave described above was established by Art. 4, paragraph 2 of Law no. 53/2000 to allow for the assistance of persons with serious disabilities, whose condition is validated by relevant certification. The maximum period for leave established by law is two years throughout one’s entire working career. The employee who takes advantage of this leave during the year 2010 receives an allowance equal to the earnings of the previous year with a maximum of 32,766 euros in addition to a contributory credit, for a total maximum of 43,579.06 euros.

(il Sole 24 Ore)

INPS: Tutorial Initiative to prevent anomalies

By means of notice 18610/10, INPS has announced the activation of a “tutorial” procedure which will allow an administrative verification of companies with certain characteristics.

By means of notice 18610/10, INPS has announced the activation of a “tutorial” procedure which will allow an administrative verification of companies with certain characteristics. The goal is to build an operational mechanism aimed at preventing the anomalies generated by the flow of contributions coming from companies.

(il Sole 24 Ore)

Severance pay: set the coefficient of June for the T.F.R.

The appreciation rate for severance indemnities (T.F.R.) contributions, accrued at 31 December 2009, amounted to 1.467968%.

The appreciation rate for severance indemnities (T.F.R.) contributions, accrued at 31 December 2009, amounted to 1.467968%.

 

(Il Sole 24 Ore)

Ministry of Labour: Tax exemptions with company transfers

In response to rulings 20/10, the Ministry of Labour, confirmed that in the case of a company transfer, tax exemptions under art. 8, paragraph 9, of Law 407/90 are passed from the transferor to the transferee for the balance up to and including the termination of contract date.

In response to rulings 20/10, the Ministry of Labour, confirmed that in the case of a company transfer, tax exemptions under art. 8, paragraph 9, of Law 407/90 are passed from the transferor to the transferee for the balance up to and including the termination of contract date. Regardless of the change in company ownership, the working relationship established with the transferor employer will continue with the transferee without interruption, regardless of the legal transaction employed (branch transfer, transfer .. ..)

(il Sole 24 Ore)

Severance pay: set the coefficient of May for the T.F.R. Severance pay: set the coefficient of May for the T.F.R.

The appreciation rate for severance indemnities (T.F.R.) contributions, accrued at 31 December 2009, amounted to 1.342968.

The appreciation rate for severance indemnities (T.F.R.) contributions, accrued at 31 December 2009, amounted to 1.342968.

 

(Il Sole 24 Ore)

Severance pay: set the coefficient of April for the T.F.R.

The appreciation rate for severance indemnities (T.F.R.) contributions, accrued at 31 December 2009, amounted to 1.162739%.

 

The appreciation rate for severance indemnities (T.F.R.) contributions, accrued at 31 December 2009, amounted to 1.162739%.

 

(Il sole 24 Ore)

Severance pay: set the coefficient of February for the T.F.R.

The appreciation rate for severance indemnities (T.F.R.) contributions, accrued at 31 December 2009, amounted to 0.470913.

The appreciation rate for severance indemnities (T.F.R.) contributions, accrued at 31 December 2009, amounted to 0.470913.

(Il Sole 24 Ore)

Severance pay: set the coefficient of January for the T.F.R.

The appreciation rate for severance indemnities (T.F.R.) contributions, accrued at 31 December 2009, amounted to 0.235457%.

The appreciation rate for severance indemnities (T.F.R.) contributions, accrued at 31 December 2009, amounted to 0.235457%.

 

(Il Sole 24 Ore)

Severance pay: set the coefficient of December for the T.F.R.

The appreciation rate for severance indemnities (T.F.R.) contributions, accrued at 31 December 2008, amounted to 2.224907.

The appreciation rate for severance indemnities (T.F.R.) contributions, accrued at 31 December 2008, amounted to 2.224907.

(Il Sole 24 Ore)

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