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INPS pensions: no delay, followed the law

The social security institution responds to criticism after the payment of pensions on 4 January instead of 2. And explains point by point what the Italian and European legislation provides: "INPS, banks and post offices do not derive any advantage" from the change in payment dates . Pretentious controversies

INPS pensions: no delay, followed the law

The INPS takes the field and responds to the criticisms of the delay in the payment of pensions, which took place on 4 January.

“On 24 December, INPS issued the press release announcing the payment date of the January 2016 pension installment,” the Institute specifies. The same press release was simultaneously published on the Institutional website. INPS paid the pensions on second bankable day of the month of January – which is January 4 for Poste Italiane and January 5 for banks – as required by a State law (Article 6, paragraph 1, of Law No. 109 of 2015)."

"The INPS, the banks and the Italian post office – continues the press release released today – do not derive any advantage from the advance or postponement of the payment dates of the pensions. The sums necessary for the payment of the pensions, in fact, pass from the treasury accounts to the pensioners on the same day established by the law for the payment of the pensions, without there being any deposits in the Bank's current accounts, while the information flows for the payments are sent by the Institute to Poste Italiane and to the banks approximately 10 days in advance of the date of payment: therefore, no influence on the credits is exercised by the bank holiday at the beginning of the year”.

 “It is not possible to pay in advance to the last day of the previous month - adds the INPS - as pensions, unlike salaries, are already paid in advance: the payment made on 4 and 5 January is, in fact, related to the pensions of January 2016 " .

 “Finally, it is recalled – concludes the press release – that art. 6 of the law of 17 July 2015, n. 109, which allowed payments of all pensions to be made on the first bankable day of each month, including those of public employees and Enpals pensioners who were paid within the month until June 2015, also provided, also in relation to the new payment regulations in the euro area, which the payment of pensions, starting from 2017, takes place on the second bankable day of the month, as happened in the current month of January and no longer the first as will happen for the remaining months of 2016 with the exception of May, October and November". 

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