(Finance) – Based on the provisions of the legislation, the terms for the disbursement of the TFS to public employees vary according to the causes of termination of the employment relationship. Inps communicates this in a note explaining that, in detail, the current legislation provides for the payment of the TFS within 105 days in the event of termination of service due to inability or death of the worker. In the event of termination of the employment relationship, which occurred due to reaching the age or service limits, payment must be made no earlier than 12 months from the date of termination of the service.
In all other cases of termination of the employment relationship, such as resignation and dismissal, based on the provisions of the lawthe payment of the due service will be made no earlier than 24 months.
On the basis of these times, the provision of the service can therefore take place: in a lump sum, if the total gross amount is equal to or less than 50,000 euros; in two annual installments, if the total gross amount is greater than € 50,000 and less than € 100,000; in three annual installments, if the total gross amount is equal to or greater than 100,000 euros.
In case of payment in installments, the second and third installments will be paid respectively after 12 and 24 months from the effective date of the right to payment of the first. To the payment terms provided for on the basis of the reason for termination, the legislation adds 90 days for the preliminary formalities during which interest on arrears does not accrue, as the processing and settlement of the TFS also depends on the speed of transmission of legal data and economic useful for the processing of the service by the former employers. Operation that, at times, can determine an extension of the processing times of the requests that are incomplete in terms of the elements useful for the calculation of the performance.
Finally, it should be remembered that, when you retire before having reached the personal or social security requirements provided for by the Monti / Fornero reform, for example by taking advantage of the “Quota 100” pension benefit, the terms for the disbursement of the TFS start from the date of attainment of the most favorable theoretical right (personal or contribution requirement provided by Monti Fornero), not from the date of effective retirement.
At the moment access to the pension can be presented to banks or financial intermediaries that adhere to a specific Framework Agreement signed between ABI and the Ministries concerned, having consulted the INPS – recently renewed and currently being published in the Official Gazette, a request for funding for a sum equal to the amount of the end-of-service indemnity accrued, within a maximum of 45,000 euros.
In this case, the INPS, upon submission of the online application for advance payment by the member, has 90 days to issue the certification, and 30 days, from the date of notification of the contract by the Bank, to produce the acknowledgment, after which the request for advance must be resubmitted.
The financing of the authorized advance – concludes the note – it is guaranteed by the State through a special guarantee fund managed by INPS.