San Marino. Csdl: “It is important to manage the pension fund with the highest possible returns and lowest costs”
Yesterday afternoon, at the Social Center of Fiorentino, the Governing Council of the San Marino Confederation of Labor met with a broad agenda, starting with the reforms.
“The government continues to reiterate its willingness to carry out the same reforms, but so far the only discussion table really open with the union is that on pensions – explains in a note la San Marino Confederation of Labor -. Last quota 103 an acceptable basis for discussion has been reached, even if we do not yet have a written text on it. But to this day there is still a lack of new proposals on which to discuss the other two macro themes that we have indicators as fundamental, that is intervention by the state budgetwhich must continue and increase over time to avoid drastic pension cuts and the depletion of pension fund provisions, and the increase in contribution ratesovercoming the initial proposal, which is completely unacceptable, which he would like to increase only for workers, while they must be shared with the employers ”.
In addition to these three points, “there are other specific aspects such as strenuous jobs, discontinuous careers that concern women in particular, incentives and disincentives; but if the three main knots are not dissolved, the confrontation will not be able to continue profitably“.
The government also announced that the reform of the labor market “will have to proceed swiftly”. On the one hand, the Secretary of State for Labor, Teodoro Lonfernini, “implemented most of the document presented over a year ago through the decree”, while “it is not known how he intends to deal with the remaining part, announced for the filing in first reading by the end of June “.
For the San Marino Confederation of Labor, “there is no need to intervene on the labor market, given that domestic unemployment is at an all-time low”. The main intervention to be carried out, “if anything, is a favor of disabled people and for those categories that still encounter severe difficulties in placing”.
“If there are effective responses to this priority need, on our part we will give our full availability to collaborate; but if this were not the case and we go in other directions, such as precarization, we will expose our dissent with determination ”, the CSDL sends to say.
About the revision of the tax reform of 2013, “There are no developments: it is only announced that the secretary Gatti is preparing an articulated text to dare following the relationship with the bile has the desire to broaden the tax base and increase the annual tax revenue”. The San Marino union claims to have already “expressed opposition and perplexity on some points”, But is waiting to see the government’s proposals. In this regard, “we would like to reiterate that if the pension reform is to be implemented at the same time it is necessary to produce new resources for the state budgetto be used to support the same social security system “.
It was “issued by the executive, as usual without any comparison, a measure that should calm the impact of increases in users“. Not only does it “fail to grasp the objective of economically growing families’ difficulties”, but “it presents some anomaly“. It is clear that “employment contracts alone, which are almost all to be renewed, are not able to fully cope with the upsurge deriving mainly from the conflict in Ukraine”. Various states “are issuing measures to support families and businesses, including Italy, even recently”.
In the San Marino decree “theintervention on bills predominantly provides deferrals for companies that demonstrate that they have suffered a decline in turnover and an increase in costs; they can access these extensions up to the end of the year without interest, arrears, etc. “. Same thing “for the families in which there are unemployed, workers in Cig, etc.“. The most substantial intervention is “the reduction of bills, to the extent of 25%, but it is disconcerting that only families with access to the minimum family income can benefit from it: an intervention that has very restrictive criteria, updated in 2021 and aimed at those who were already making it to the end of the month “. Today, with the increase in the cost of utilities and basic necessities, “families in difficulty have inevitably increased”. To serve, therefore, “a different and much broader parameter”.
And again: “We discount the fact that to date the Icee sam is not active, therefore there is no objective and therefore homogeneous and safe instrument for those who are entitled to these refreshments. They will also be able to benefit from the discount on their bills if they turn to Caritas; an organization to be commended for its social commitment, but which cannot evaluate the income status of people. It is therefore at least anomalous to use this reference. There is still some time to ratify the decree, but in the meantime it is already effective; we will do our best to have it changed“.
It was then “recently issued a decree relating to Fondiss, also following a solicitation from the Administrator Committee “. It was created for a specific need, that is, “there are contributions that are reaching the threshold for which they are entitled to receive the annuity rather than to correspondence in a single payment of the paid-in capital”.
The same law establishing the Fondiss in fact provides that, “at a certain point, the payments paid into the supplementary pension must dare to give rise to a pension that integrates that accrued with the first pillar”. The threshold “is set at around 140 euros per month, below which the entire capital would continue to be disbursed upon retirement”.
Of course, “it is not for the Steering Committee to implement the system that transforms the contribution amount into an annuity, in addition to establishing the guarantees relating to the variables for which the balance of total benefits may not be equivalent to that of the revalued contributions”. It is therefore envisaged that “these tasks will be entrusted to an insurance company through the issuance of a notice”.
The CSDL, “once again, he condemns the behavior of the government, which did not carry out any confrontation with the union, which, moreover, continues to solicit discussion on the revision of the Fondiss rules, in particular as regards governance and investments “. I employee contributions “Are indeed deposited in the Central Bank and pays nothing“.
Among others, “there is a basic problem in this decree, that is, no prior analysis has been made with respect to the cost of managing this mechanism by a private insurance company; one could reply by stating that we will know once the notice is issued, but Fondiss is very small compared to funds in other statesso all alternatives should be explored, rather than realizing later that the best offer is in any case expensive “.
The sum of zero returns with the attribution of management costs “would even produce a devaluation of the contributions, and this would be unacceptable”. Moreover, “the State, or rather all citizens, must guarantee the totalisation of the paid-up capital”. Therefore “April an all-out discussion on Fondiss rather than adopting impromptu decrees: over time there will be more and more people, and at some point all of them, who will be entitled to the annuity “. It is therefore “of fundamental importance manage the Fund with the highest possible returns and lowest costs“.
Other widely discussed topics were “health care and the family bill, to which we will return in the coming days”.