The hypothesis of allocating half of the severance pay to the workers' payroll risks complicating the contribution of those who have allocated their severance pay to supplementary pensions. But which are the categories of workers who use supplementary funds the most?
by Marco lo Conte – Thursday • 25 September 2014 • The sun24 HOURS
The pension fund for workers in the chemical and pharmaceutical industry and related sectors is the first supplementary pension instrument entered in the register of the Covip supervisory authority. In other words, it began first of all, back in 1998, to manage the contributions of employees in the sector, entrusting them through a call for tenders (as usually happens in the supplementary pension sector) to financial managers. The pension fund has thus gone through various market phases, from the crises of 2001 to that of 2008 with the consequent recoveries; the result appears largely higher than the revaluation of severance pay (1.5% + 75% of inflation). Anyone who joined Fonchim at the beginning of their life, therefore, has an accumulated contribution amount higher than that of those who have decided to donate their TFR to the company (if active in companies with less than 50 employees) or to the State (if the company is bigger). Also for this reason, the membership rate of workers in their pension fund is on average high and exceeds 76%, despite the crisis which has also affected the sector and which has produced a drop in membership equal to around 1.5% in the first six months of the 2014. It should be remembered that all pension funds in this category are non-profit structures which have decidedly lower costs than open funds and Pips.
