Pensions, problems to solve to avoid the flop of advances – BBC

ROME the government will have to work a lot on the proposals for flexibility in output to prevent the mountain gives birth to a mouse. The range of tools that engineers are studying aims to reconcile the opportunity to retire earlier with minimal cost to the State (from 6 million to 700 million per year). For this the model that should take from 2017 revolves around the Ape, the pension advance, as a loan to the employee through the INPS, but where the money would actually by banks backed by an insurance policy. An employee who chooses the Bee should then return the loan in 20 years with monthly deduction from the regular pension, namely, which is triggered upon reaching the normal retirement (today 66 years and 7 months, with 20 years of contributions). In case of death before completing repayment, the bank would be covered by the policy and not exhausted first installment on the survivor’s pension.

In practice, the Bee is taking shape as a sort of mortgage on board, but without collateral (the mortgage on the house), a bit ‘on the model of employee loans: financial instrument of fulfillment of workers and retirees to get a loan from banks to pay back then rate deduction from wages or pension. A growing phenomenon, which is now 5 billion a year. So much so that on 16 April the Bank of Italy wanted to meet the main players, then spreading a statement which states: “It was the shared need to enhance the protection of customers, with a clear and understandable cost structure.”

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deferred Pensions. How much you pay?

 
 

worker

 

Just go to the INPS site you can find a tab on how the sale of the fifth for retirees . The repayment installment can not exceed 20% of the check, and this is called transfer of the fifth. For example, we read in a table, on a net pension of € 900 per month, the rate can not exceed 180. The Government, with the Ape, aims to reduce the impact of the installment through a deduction that is most advantageous the revenue decrease, so as to facilitate to the maximum who takes little. For higher incomes, however, the installment could cut retirement to 15% and beyond.

Now of all this talk is worth to make some observations. According to INPS data , the

average amount of old-age pensions awarded in 2015 (156.494) was 630 euro per month. It ranges from € 1,063 on average for employees to 535 euro for farmers, through the € 758 craftsmen and 818 euro traders. It is still far from the amount values ​​of retirement pensions (those which, after the Fornero, you can take today after 42 years and 10 months of work, 41 years and 10 months for women) in 2015 were liquidated ( 154,718 in all) for an average amount of 1,867 euro per month. The Bee But care who has to go to a retirement pension, which will leave the job up to three years earlier than 66.7 years of age now required. But as a worker, taking a check in most cases between 800 and one thousand euro, it can withstand a cut of the same for 20 years, albeit minimum? Probably only those who are in conditions of extreme need, because he lost his job and can not find another one or, on the contrary, those who have a family situation that can afford to take a lower pension but meanwhile engage in another (the the family shop, a black work). In short, to avoid the flops the government will have to field deductions which cut seriously cutting the check result of the repayment installment and should cover the cost of insurance. It is obvious, in fact, that the worker will compare the Bee with other possibilities, from severance pay.

We take a gross pension of 15,000 euro per year. Ask the Bee to leave, for example, the job two years ago, would mean a 30,000 euro loan. But a worker with thirty years of service might wonder if suits him take the severance pay and use that and then get a full pension, instead of asking for the loan and then have a penalty retired for 20 years, practically forever. Not surprisingly, the same government is studying the next Ape Rita, temporary supplementary pension early, that is, the possibility that the employee withdraws all or part of the capital accumulated in the pension fund, so as to reduce or eliminate the need to loan. Or do another case: a worker might ask whether suits him not to be dismissed two years from retirement and take the unemployment benefits, initially amounting to 75% of pay (which is always greater than the board) rather than ” the mortgage on the board. ” Are some of the questions on which you are tormenting the protagonists of the confrontation between the government and trade unions.

June 18, 2016 (edited June 18, 2016 | 22:30)

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