AUTOMATIC ADHESION TO SUPPLEMENTARY PENSION SCHEME AND SILENT CONSENT MECHANISM
The choice of destination for the TFR must be expressed within 60 days of the start of the employment relationship by completing the ministerial TFR2 form.
Severance Pay (TFR)
Severance pay (TFR) is an amount that the employer sets aside each month on behalf of employees and pays when the employment relationship ends (due to contract expiration, voluntary resignation, dismissal, or retirement).
As provided under Article 2120 of the Italian Civil Code, TFR accrues monthly based on the employee’s TFR-eligible compensation (generally equivalent to gross monthly salary), divided by 13.5.
The accrued TFR is revalued each year at a rate equal to 1.5% plus 75% of the inflation rate.
Employees may request an advance payment of up to 70% of their accrued TFR, provided they have at least 8 years of service and meet specific requirements (purchase or renovation of a primary residence, extraordinary medical expenses, or other cases provided for by law or company agreements).
For requests concerning advances on TFR accrued at FBK, please refer to the relevant policy published on the FBK Transparency website.
Supplementary pension plan
Supplementary pension plans (Legislative Decree 252/2005) are pension schemes that employees may choose to complement the mandatory public pension managed by INPS. Their purpose is to build an additional pension over time alongside the state pension.
Employees covered by the CCPL for Foundations staff (excluding therefore PAT workers) may join one of two supplementary pension funds offered by FBK. Employees who contribute at least 1% of their monthly TFR-eligible salary receive an additional employer contribution from FBK equal to 2% of the same salary base.
The available funds are:
Laborfonds, the supplementary pension fund for employees of employers operating in the Trentino–Alto Adige region
- Resaver, the transnational pension fund for the research sector, established with the support of the European Community.