The advance of the severance pay in the pay slips must only be temporary. The advice comes from the Bank of Italy which is promoting the 2015 budget maneuver but warns that the transfer of the severance pay to the paycheck will have to remain a time-based measure (currently a duration of three years is envisaged and the option to choose for the old or for the new system) if future pensions are not to be compromised. In fact, after the reform of the 90s, the severance pay was diverted to supplementary pension funds which will assume growing importance with the implementation of the pension reform and the complete transition to the contributory system.
According to the deputy general manager of the Bank of Italy Luigi Federico Signorini, heard yesterday in Parliament, the scenario outlined by the government with the Stability Law "is generally acceptable" even if it is "subject to risks. In particular, while appreciating the safeguard clause on VAT, which demonstrates the seriousness of the path taken by Italy, Bank of Italy warns that if triggered, the increase would bring VAT "to very high levels". The main road therefore, according to via Nazionale, remains "the rationalization of spending and subsidized regimes". That is, the spending review.
