ITALY - As from next year, at least 50% of employees will transfer their Trattamento di Fine Rapporto (TFR) to pension funds, said welfare deputy secretary Alberto Brambilla (pictured).
The TFR is a lump sum paid out to the workers when they leave a company. At present, employees are foregoing pension funds in favour of “PIP”, that is, individual social security policies. Speak...
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