Low Salary? You Can Apply for This Grant, Employers Cannot Refuse

The Importance of Supplementary Pensions in the Face of Low Wages

In recent years, the issue of low wages has taken center stage in the public debate.
Many workers, especially young people and women, find themselves dealing with salaries that do not allow them to achieve an adequate standard of living.
In this scenario, the supplementary pension offered by negotiated pension funds plays a crucial role.

The mandatory contribution from the employer to these funds, as provided for in numerous national collective labor agreements, is a fundamental measure to ensure a more serene pension future, especially for those with lower incomes.

Understanding the Employer’s Contribution to the Pension Fund

The negotiated pension fund is an innovative social security tool, resulting from collective bargaining, which offers employees a series of unique advantages.
Through specific agreements, the employer is required to make a mandatory contribution to the fund, significantly increasing your contributory amount for retirement.
But the benefits do not stop there.
Negotiated pension funds offer great flexibility, allowing you to choose between different investment options and tailor your retirement plan to your specific needs.
Moreover, thanks to the tax breaks provided by law, you can reduce the tax burden.

To benefit from the employer’s contribution, it is necessary to transfer the TFR (Trattamento di Fine Rapporto) and a minimum share to the negotiated pension fund.
This is certainly a unique opportunity to grow your capital over time and ensure a more abundant pension.
Unfortunately, this choice is irreversible.
Once the TFR is transferred to the fund, it will no longer be possible to go back, except in the case of total redemption (provided in specific circumstances).

How Much Should the Employer Contribute to the Negotiated Pension Fund?

The amount of the employer’s contribution to the negotiated pension fund varies considerably depending on the type of National Collective Labor Contract (CCNL), company agreements, and the type of pension fund.

Generally, the employer’s contribution is calculated as a percentage of the worker’s salary, which can vary depending on the agreements in force.
Within your CCNL, you can find precise and up-to-date information regarding this specific contribution.
Of course, there are CCNLs that provide more generous contributions than others.
For example, employees in the Tertiary sector can join the “Fon.Te” pension fund, which includes a contribution of 1.55% of the employee’s Gross Annual Salary against the payment of the TFR and a minimum share equal to 0.55%.

In conclusion, the mandatory employer contribution is an opportunity to seize to protect your future, but it also presents some critical issues: for instance, it is important to reiterate that transferring the TFR to the pension fund is an irreversible choice.
To make an informed decision, it is essential to thoroughly understand the characteristics of the pension fund you intend to join and the implications of this choice.
It is advisable to seek the advice of a financial consultant for personalized assistance and to evaluate the various available options.