[ad_1]
Front pensions there is good news: the controls will change from January 2019, because this year the revaluation based on inflation values comes into play. In other words, in a little more a month, millions of pensioners will accept some modification of the amount of their indemnity social Security. Equalization is used to determine the rate adjustment to consumer price data for households. Basically, the control is adjusted according to the inflation values. For 2019, an increase in the pension rate of 1.1% is expected.
Pensions, latest news: the evolution of checks from January 2019
But let's go in order. What is and how does the mechanism of equalization of pensions? Unlike employee wages and salaries (set periodically by collective bargaining), the mechanism of pension variation is linked to inflation and in particular to an index provided by Istat. This is the consumer price index for households published annually by the Statistical Institute. The variation of this index may be increasing or decreasing: however, as provided by law, if there is a decrease, there will be no decrease inpension checkbut that will remain unchanged. And that is exactly what happened in the last years before 2017/2018, year of the first 1.1% increase after four years of negative changes. The Ministry of Economy and Finance has determined the value of the percentage change, subject to adjustment, for the calculation of the equalization increase of pensions due for the year 2018 as of January 1, 2019, as well as the final value for the year 2017 as of January 1, 2018.
The pensions, the orange envelopes of INPS arrive: what they are and how they work
Technically, it is the value of the percentage change useful for calculating the increase in the pension equalization; a value that can then be balanced with the same decree by the end of next year. As a result, for 2019, as for 2018, pension checks will increase by 1.1%. The news must then be implemented by the INPS, which will publish by the end of the year a special circular announcing the discounted pension amounts, valid from 1 January 2019. This The increase was set by special ministerial decree of 16 November 2018. Mef. In summary, the ministry organized:
- confirmation of the increase of 1.1% in percentage of the calculation of the pension equalization for the year 2017 as of 1 January 2018;
- the new percentage change of 1.1% for the calculation of pension equalization, for the year 2018, as of January 1, 2019, with the exception of the equalization to be effected at the time of the equalization of the following year.
It should be noted that it is not yet possible to quantify the real increase of the checkbecause as he explains ilSole 24 Ore as of next year, the calculation system could change. Until December 2018, a revaluation providing for a 100% inflation rate for all checks of up to three times the minimum will be applied. Then the fees are reduced to 95% for checks made more than three times and up to four times the minimum. An additional drop of the quaota is recorded for checks more than four times and up to five times the minimum with a recognition of 75%. You get 50% and 45% for checks five times and up to six times the minimum and for checks six times more.
Until now, data on increases and revaluations of which we are aware. In the event that there should be no extension on this system of calculation, the method provided by Law 388/200 comes into play, which provides for an adjustment of the inflation rates applied to the control band. (and not the total amount). In fact, 100% of inflation is accounted for up to three times the minimum, while an adjustment equal to 90% is accounted for for a portion of the allocation exceeding three times the minimum and up to five times the minimum. 75 percent are recognized for the portion exceeding five times the minimum. This system is rewarding for higher controls. It will be necessary to wait for the next steps of the government to understand what will be the new calculation system that could actually appear in parallel with the reform of the pension system with the so-called quota 100.
Pensions and Quota 100: News on Government Reform
Precisely on this last point, let's see what's new. To defuse the infringement procedures in Brussels, the League and the 5 stars must now reduce the scope of their symbolic reforms – quota 100 for retirement and citizenship income – to reduce the state deficit. The quota mechanism 100 would remain the same. You will retire if you reach the number 100 between your age and your years of contribution. However, the prohibition to cumulate the pension allowance with other income (from professional activities or occasional collaborations) could come into play. Age 62 (in 2019) will have to comply with the prohibition of cumulation for 5 years. The years of prohibition will decrease as the age of the registry increases.
Because for citizenship income and quota 100, the badumption is now a "lite version"
In this way, the cumulative prohibition will lapse at age 67, when triggering the obligation of old-age pension. The prohibition of overlap should contain pension outflows around 250-270 000 in 2019. To limit the expenditure, moreover, the payment of the pension would occur with a delay of three months (in the private sector) and of six months (in the audience). compared to when the right to the grant is acquired (through the "mobile window" mechanism). Lastly, spending by the school sector until September 2019 will include a reduction in expenditure, with the State finally having to spend a maximum of 5 billion (in 2019) against the 6.7 billion entered in the budget law.
Pensions, all news and news
Source link
