THEVoluntary bee slide again. The version of the pension advance that will weigh entirely on taxpayers' pockets - unlike theSocial bee, at the expense of the State – was due to leave last May and at the end of July the Minister of Labour, Giuliano Poletti, had assured that it would be ready and "usable" for "the first days of September". But the delays keep piling up.
Il decree which kicks off the voluntary Ape, which was examined by the Council of State last July, is still on the desks of the legislative office in Palazzo Chigi. He should be definitively fired by the Council of Ministers at the end of next month, then other technical steps will be necessary: the registration of the with the Court of Auditors, the arrival in the Official Gazette and above all the publication of the agreements with banks and insurance companies. All things considered, the measure is likely to be operational only in late October, just when the discussion on the new budget law will be at its hottest.
The six-month delay will be compensated from a financial point of view, because the right will be recognized starting from last May XNUMX e INPS will pay the arrears. Meanwhile, however, with the passage of time the voluntary Ape is changing in various aspects.
THE INTEREST RATE RISKS TO RISE
Compared to the conditions illustrated a year ago by the Undersecretary to the Prime Minister Tommaso Nannicini - writes Repubblica - the interest rate risks rising from 2,5 to 3,5 percent. The final decision has not yet been made, market conditions are changing and whoever accesses the voluntary Ape could pay a different cost depending on when they send the application.
THE NEWS OF THE "EXTENDMENT CLAUSE"
Another novelty contained in the decree concerns the so-called "extension clause". The law provides that in 2019 the retirement age is adjusted to life expectancy and the age requirement for retirement benefits should rise to 67 years. Parliament is discussing the possibility of deactivating this mechanism, but the intervention would be costly and would jeopardize the stability of the pension system in the long term. If in the end nothing changes and in two years the retirement age really rises, the voluntary Ape will in turn adapt: the loan will expand, while the charge and the amortization installment will be redetermined so as to cover the months in addition that separate the pensioner from the right to the social security allowance.
VOLUNTARY BEE: HOW IT WORKS
In fact, the voluntary Ape allows you to receive a monthly allowance from the day you stop working to the moment you are entitled to an old-age pension. The duration is between a minimum of 6 months and a maximum of 3 years and 7 months. These sums do not contribute to forming the income on which Irpef is paid and are disbursed in 12 months by INPS, but come from an insured bank loan which must be repaid in the first twenty years of effective retirement.
In addition to bank interest, it will also be mandatory to pay the premium of an insurance policy to protect the bank and the heirs from the risk that the subscriber dies before having paid off the debt. In light of these costs, the voluntary Ape also provides for a fourth requirement: the future pension, net of the loan repayment installment, it must not be less than 702 euros per month, i.e. 1,4 times the minimum INPS treatment.
On closer inspection, therefore, the voluntary Ape it is not a real early retirement, because it does not provide for any reduction in pension requirements. Rather, it is a financial advance whose cost – far from low – is only partially compensated by a fiscal detraction 50% on the interest and premium portion.
