Flop of severance pay in payroll: was asked by less than 0.1% of … – Il Sole 24 Ore

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This article was published May 30, 2015 at 11:20.
The last change is the 30 May 2015 at 13:00.

The Italians consider the severance pay a lot of treasure for retirement. The operation severance pay in payroll at the time so far is a flop, with less than 0.1% (exactly the 0.0567%) of the workers who made the request for the advance: the calculation comes from the Foundation labor consultants. Out of about a million salaries examined only 567 employees have asked the company to advance.

From April 3 to can apply for payment of severance pay “maturing” in payroll
The employees as of 3 April they had a chance to apply for payment of their severance pay “maturing” in payroll until June 2018. The liquidation payroll is allowed from the month following the presentation of ‘instance: ie requests from April to May. The tax on the advance is to ordinary taxation and so it is convenient only for the lower end of income.

The technical report to the stability law considered that the rule could be of interest to the 40/50% of workers
Overall the severance pay of employees is worth about 20 billion l ‘ year for the workers concerned to measure. In the technical report of the stability law the government had speculated that when fully implemented, the rule would affect about 40-50% of the workers targeted operation. Just this week – explain the consultants – “departed the processing of salaries of May 2015 by the Labour Consultants of 7 million employees and over 1 million companies. In this first phase, we analyzed the data of large companies (which on average employ more than 500 employees) and in the coming days the analysis will move on micro enterprises. After this first stage of preparation of almost a million salaries result in the liquidation of the severance pay paycheck only about 567 workers, ie around 0.05%. ”

The applicant is mostly in the North and working in the service sector
Based on the processing of consultants employed applicants are 75% located in the Centre and North 25% in the South. For the 43% work in the service sector and around 27% in industry. 25% has reditclaims up to 20,000 euro, 50% up to 30,000 euro while only 6.25% have asked having incomes above € 40,000 per year. Only 10% of those who requested the advance has taken the severance pay to a pension fund.

The tax penalty deters the request
From an interview with a sample of those who have decided not to apply for an advance that the decision was dictated primarily by the tax penalty (60% responded that he decided not to ask why the ordinary taxation is too punitive). 16% considered wrong to take the severance pay from the pension fund while 20% have not yet adequately assessed.

Cauldron: taxation applied has determined the failure
“The career counselors after the approval of the operation ‘severance pay in payroll’ – says the president of the National Council, Marina Calderone – they quoted a poor adhesion. Today we have confirmed is the data is not surprising. This failure is yet another demonstration that politics has often perception of the needs of the labor market but not in close contact with those who speak every day with workers and businesses. The goodness of the measure is commendable, but not its technical structure as the taxation applied to this measure has determined his failure to date. ”

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