Here are the basic terms to know before you join a pension fund:
Anticipation of a sum of money
Provision of part of the individual position before they are completed the requirements er retirement to meet particular needs of the member.
Market Cap
Technical and financial system under which the accumulated amount in the individual knowledge of the member provides the basis for the payment of pension benefits.
Contribution
Payment to the supplementary pension funds of funds are not accepted and also for employees paid by the employer and to share art or the entire TFR.
Open pension fund
Supplemental pension established directly from Sgr, Banks, Firms and insurance companies to which workers can join any business or category.
Closed Pension Fund
Supplemental pension established under contracts or collective acordo or in the absence of regulations aimed at business entities belonging to a given segment of a particular enterprise and / or territory.
Amount
Capital set aside by each member thanks to the contributions and results of financial management. When completed the requirements is converted into an annuity or capital (but the 50% mast).
Performance Capital
Benefit paid in a lump sum from the supplemental pension vesting requirement for retirement (allowed until 50% of the total accrued,except in special cases).
Pension Provision
Periodic paid to the member after the vesting requirements stared retirement scheme compulsory membership in the amount of which depends on the final column. It can be reversed in favor of another person or liquidated with certainty for a certain period.
Redemptions
Return of the post before it is completed the accumulated pension entitlements. The redemption may be partial or total.
Severance indemnities (governed by. 2120 Civil Code)
Amount paid by the employer to the employee after the employment relationship based on the aggregate for each year of a share of 6,91% gross earnings revalued at 31 December each year.
The rate of appreciation is equal to 1, 50% in fixed, more 75% dell’inflazione.
Alex Gaetani
For further advice two different voices: