The issue of pensions is certainly the hottest one - together with that of taxes on the house - of the next stability law. The premier announced the introduction of more “flexibility” in the Italian pension system that allows those who wish to leave the workplace earlier and obtain the much desired pension. But the early exit will certainly have a cost for the pensioner. The difficult sustainability of the Italian pension system forces the government to make a maneuver that falls on the pockets of pensioners rather than on INPS accounts. And so it is probable that the worker who wants to have early access to the pension will have to give up a percentage - not yet defined - of the pension allowance.
In addition, the requirements for retiring have changed again since January XNUMXst. As envisaged by the Fornero reform, the personal requirements for access to the pension lengthen hand in hand with the growing life expectancy. And so, in the light of the more stringent requirements and the cost of leaving early, the ability to exploit as much as possible each year of work becomes more important.
Among the tricks that a worker who aspires to retire can use are the redemption, accumulation, reunion and totalization useful for making the most of every contribution useful for achieving the requisites required to have access to retirement.
Redemption
Probably the best known mechanism, the redemption allows you to count the years in which, for example, you studied at university in the contributions necessary for your pension. But even redeeming the university years by adding them to those of work has a cost and often very high. In fact, redeeming the years of degree has a variable cost and the payment to be made corresponds to 33% of the gross salary. It is therefore advisable to redeem the years of study at the beginning of the working career when the salary is lower.
The redemption request can only be made if a degree has been obtained, if the periods of study are not covered by another compulsory contribution and it concerns only the actual academic years of the degree course, therefore the years outside the course are excluded. However, it should be emphasized that it is possible to defer the redemption over ten years, thus paying the disbursement in installments and that the sums paid for the redemption are entirely tax deductible. Finally, the redemption is also valid for periods of leave for family or study reasons, years of work abroad in countries not affiliated with Italy, intervals between one job and another.
Totalization
Totalization allows i workers with discontinuous careers to accumulate the contributions accumulated in different pension schemes. Legislative Decree 42/2006 allows workers to use the national totalization to add up these periods, if they do not coincide, to achieve the right to a pension. The aggregation has the advantage of affecting practically all coffers, including those of freelancers and also allows you to add up the contributions of the separate INPS management which otherwise cannot be reunited.
Cumulus
Decree law 112/2008 established the full cumulation of income from employment or self-employment and pension with both seniority and old-age pensions. However, the matter changes depending on whether it is the contribution and salary system. In fact, if in the wage system the pension can be fully combined with the income from work for workers who, on the other hand, started paying contributions since January 1996 or for those who retired by opting for the contributory system, the rules on the with work they are more complex. The disadvantage of cumulation compared to aggregation is that in this case the contributions paid to the professional funds cannot be considered. Both institutes – it should be emphasized – are free.
Basically, the result of the accumulation of pension contributions is the same as the aggregation, provided, however, that the minimum requirements are not met in any of the managements involved in the accumulation.
Reunion
Finally, the last trick to cut the time of access to retirement is the reunion. The worker with a discontinuous career can request the reunification of the contributions that all flow into the last management to which he registered. Unlike aggregation, however, the reunification of pension contributions has costs, often substantial.
