Severance Pay: Here’s everything you need to know about the amount of money you’re entitled to when your contract ends.
Probably what we simply call TFRis one of the most controversial topics when it comes to pay slips and employment contracts. Knowing exactly what the severance pay rules are is not exactly as simple as you might imagine.
In essence, the TFR is that amount of money to which you are entitled when you terminates his employment relationship with the company you work for. This is regardless of whether you resign, are fired, or the terms of your contract.
Currently, severance pay is regulated by article 2120 of the civil code, but it was introduced in the now far away 1927. Obviously, a discipline was essential, which dealt with it specifically and which was therefore able to provide important indications on the calculation and liquidation methods.
Considering that not all of the Italian citizens However, they know the discipline behind this amount, it is essential to be able to understand how the long-awaited TFR actually works.
Who are those who are entitled to it?
So as mentioned above, severance pay is a sum of money proportionate to the salary you receive as an employee. This amount is granted to the worker at the moment in which he ceases his work activity with the company for which he had the contract. It is matured throughout the period in which the subordinate work is carried out.
Generally the TFR is paid with the last paycheck even if the workers have different options regarding this. The company is obviously responsible for liquidating the TFR, which can rely on the FNational Guarantee Fund. The service is reserved for anyone with a part-time or full-time contract, whether fixed-term or permanent.
TFR – source_Canva – sicilianews24.itThe times to obtain the TFR
In theory, the worker would be entitled to receive the TFR with the last paycheck. However, the contract may indicate something different. In any case, the employer must pay the severance pay no later than 30 or 45 days from the end of the contract.
The worker has the right to be able to request any early severance pay in case you need it.