The FONCHIM is the supplementary funded pension fund for workers in the chemical and pharmaceutical industry and related sectors. The purpose of the fund is to build a pension position that can supplement the public pension. The money paid by each associate is invested in the financial markets. Capital and returns are credited to the associate's personal position and only he has access to them.
Fonchim was born from collective bargaining in the chemical-pharmaceutical sector. The purpose of pension funds is to INTEGRATE the public pension which, in the years to come, will be less and less linked to the final salary received.
All those who started working from 1 January 1996, at the time of retirement, will find themselves receiving a public pension equal on average to 50% of the final salary. Therefore, the Fonchim is not just an investment, but for the majority of workers, Pension Funds are a real need, dictated precisely by the progressive reduction of the pension treatment by the public social security system.
Contributions to the Fund are made on a monthly basis, starting from the month following that of enrollment and are made up of 4 items, established by the CCNL for chemists: membership fee 1.2%; company share 2.10%; severance indemnity contribution (variable), predecease contribution 0.20%. The member contribution, the company contribution and the insurance contribution are deducted from the taxable amount directly through the pay slip.
L'Assembly of Delegates, the Fund's general guidance body, is made up of 62 representatives, 31 of whom from the employers' side and 31 from the trade union side.
The FASCHIM is the health care fund, including dental care. Employees to whom the National Collective Labor Agreement is applied can register with FASCHIM. The registration of the family nucleus is intended in addition to that of the employee, therefore with a contribution that is added to that already present for the employee. The contributions to be paid by the employee (€ 3) are deducted from the pay slip on a monthly basis. The share to be paid by the company is €21. The contributions paid do not contribute to the formation of taxable income.
FASCHIM offers more possibilities for dealing with one's therapeutic needs, guarantees that a part of one's health costs will be reimbursed, offers support for normal treatments and unexpected events, protects both the worker and his family.
The 30 delegates making up the FASCHIM Assembly are elected by the members: 15 are workers' representatives, elected by the workers registered in the Fund, from among candidates/slates proposed by the Trade Union Organisations; 15 are business representatives.
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