How to request “early” severance pay? (Corporate) – Metropolinotizie.it
TFR, if you think that you are entitled to it only at the end of the employment period, you are very wrong: here are all the circumstances in which it is possible to request it in advance.
Severance pay (TFR), also known as liquidationis a benefit that accrues exclusively to employed workers.
It’s sort of financial reserve accumulated during the employment relationship and paid upon termination of employment.
However, there are exceptions and ways in which workers can access part of this sum in advancein order to meet immediate economic needs.
If you find yourself having to face a sudden expense that is within the expected fees, why not take advantage of this possibility? The necessary procedure is explained here.
Advance severance pay, under what circumstances can it be requested?
The advance of TFR represents an opportunity for employees of get a portion of the settlement accumulated during their employment with a particular company. This advance can only be requested by private sector employees and only after at least 8 years of continuous service with the same employer. However, it is not a right guaranteed to everyone: some categories of workers, such as public employees, cannot request an advance on severance pay.
The process for obtaining the TFR advance involves the submission of a formal request to the employer, in which it is necessary to indicate a right motivation. These reasons may include extraordinary healthcare expenses, the purchase of a first home or needs related to parental leave or worker training. However, there is a debate on whether it is necessary to specify a reason or whether it is sufficient to indicate a generic one, such as personal economic needs.
If you are a public employee, don’t despair: there is an alternative. (Corporate) – Metropolinotizie.it
The alternative for public employees: the TFS
Once the request is submitted, the employer can accept or refuse to grant the advance. Although there is no legal obligation for the employer to grant the advance, refusal could negatively influence the relationship with employees and undermine trust in the company. For civil servants, there is a similar institution called End of Service Treatment (TFS), which allows them to get an advance through a agreement with a bank or financial intermediarytransferring the right to the TFS in exchange for an advance sum of money.
In any case, the advance TFR represents an important resource for workers facing sudden or urgent expenses and can help alleviate financial hardship when transitioning between jobs. However, it is important to understand that the advance of TFR it is not an absolute right and that the employer has the right to evaluate each request on a case-by-case basis, taking into account the needs of the company and employees.
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2024-02-13 19:43:40
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