To alleviate the burden of certain companies experiencing a crisis and which have personnel in the extraordinary CIG.
- Law 236 (Art. 5, § 9).
3.7.5.3. Contents
The following categories of workers may benefit from this form of early retirement:
a) employees of firms that have been drawing benefits from the Wage Compensation Fund for 12 months (until 31.12.1995, otherwise for 24 months);
b) employees who are a maximum of 60 months away from standard retirement age and have paid social insurance contributions for at least 15 years.
Conversion to part-time work in order to avoid work-force cuts either completely or partially must be provided for in an enterprise collective agreement with the leading national trade unions. The conversion to part-time work agreed with the employer, provided at least 18 hours per week are worked, will be approved by the regional employment office on application by the worker interested in participating in the measure. Entitlement to an old-age pension will be recognised in the month following the month in which the application for conversion to part-time work is made.
No restriction on the number of employees to be permitted to participate in this measure has been imposed.
3.7.5.4. Institutional support
Regional employment offices and INPS
3.7.5.5. Financial resources
The costs of the early retirement pension are borne entirely by the state
3.7.5.6. Duration
No time limit has been imposed on this measure
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