INPDAP Pensions
Following the merging of INPS and INPDAP, INPS’s unitary management now includes INPDAP pensions.
For the most recent information on the pensions of former INPDAP public employees, read this article.
Making an INPDAP pension calculation
According to INPS regulations, anyone seeking to know in advance how much pension they would receive each month can carry out one of three straightforward activities.
There are three computations in particular:
- Compensatory
- Contributory
- Mixed
The employee will also be responsible for paying a tax based on their income. The INPS rate for the pension is now set at about 33% of the total.
Request an INPDAP agreement loan
Compensation calculation
Pensioners who have made at least 18 years of contributions by the end of 1995 are eligible for this kind of review.
The monthly wage is determined by averaging the monthly revenue across the years of employment using factors like:
- Seniority of contributions;
- Retiree’s age;
- Gross income;
- revaluation of income;
- and rate of return.
Calculating contributions
This procedure, which has only been in effect since 1996, is intended for contributors who have made donations for at least 15 and at most 18 years.
The years of contributions are multiplied by a predetermined coefficient that is chosen based on the worker’s age to determine the pension amount.
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Multiple Calculations
The computation will use a combination of factors, including compensation for years of employment before to December 31, 1995, and contribution calculation to fill in the remaining years for anyone who has not made contributions in at least 18 years.
How can I get my INPDAP pension?
According to what we predicted, the public employee who should retire had to pay the payments that were due to him depending on the number of years of service he had accrued.
However, the payments are also used to receive additional services like the severance indemnity (severance indemnity), other credit services, and even social benefits in addition to being used to determine the monthly income.
In any event, there are two strategies to achieve the desired retirement:
- Senior pension
- Seniority or early retirement
The first category—old age—is for people who have 20 years of contributions under their belt and have at least 62 years and 7 months of age.
On the other hand, in order to qualify for a retirement pension, a person must have worked for at least 42 years and 10 months (or, in the case of a woman, 41 years and 10 months).
For women, there is also the choice to retire at 57 years and 7 months, with a total of 35 years of contributions.
However, in this case, the contributory computation will be the only option for determining the pension’s amount.
Most Recent Pension News
Some modifications to the guidelines for calculating the monthly wage were introduced with the Fornero Law of 2017 and the Budget Law’s pension reform.For more information on the disability pension for ex INPDAP public employees, see this article.
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