Are you a worker in the Telecommunications Sector? Then maybe you already know the Telemaco Fund: discover all the details in this guide.
For certain categories of workers there are supplementary pension instruments created ad hoc. This is the case of the Telemaco Fund, reserved for workers of the Telecommunications Companies. Let’s find out together in the following paragraphs.
What is and how the Telemaco fund works
Telemachus is the pension fund reserved for workers, employees and cadres of companies that apply the CCNL of Telecommunications, provided that they are employed on a permanent contract, apprenticeship and integration as well as tax-reloaded persons of the workers registered with the Fund.
It is a defined contribution fund in which the minimum value of the contributions paid is established at the beginning of the founding parties and only from them can be modified.
It is individual-cap, which means that the final performance is defined by the sums paid together with the returns derived from financial investments made.
As in the case of all other forms of supplementary pension provision, joining the Telemaco pension fund involves a series of both economic and tax advantages, such as the fact that paying its contribution in addition to the Tfr is entitled to that of the company to the extent of 1.2% and the possibility of deducting the sums paid by taxes directly in the paycheck within the limits set by law, i.e. 5,164.57 € per year.
Requirements to join the Telemaco fund
Adherence to the Telemaco pension fund is free and voluntary.
Companies to which the CCNL of Telecommunications and workers, employees and managers dependent on companies and business associations to which the same adhere to the same adhere to the aforementioned CCNL of Telecommunications, hired under a permanent contract, apprenticed or insertion, may join Telemaco and the companies. It is also possible to involve tax subjects paid by workers already registered in the Fund.
How to join the fund
The worker can join Telemaco at any time. Within six months of the date of recruitment, the choice must be made whether or not to keep the TFR in the company.
If you decide to keep the TFR in the company, this choice can be reviewed at any time.
The subscription to the Telemaco Fund takes place by filling in the membership form that is available from your company, at the headquarters of the Fund and can be downloaded from this website.
Once completed, the form must be returned to your company, which will forward it to Telemaco.
At the time of registration, a membership fee is expected to be paid, which takes place at the same time as the first payment of the contributions. This share is intended to cover the administrative costs of the Fund and is € 4.65 charged to the worker and € 4.65 to be borne by the company.
How to pay contributions
Once enrolled in Telemachus, the worker begins to build his supplementary pension by merged into his individual position:
- TFR;
- contributions to the worker;
- contributions of the company.
Paying contributions is not mandatory as there is also the possibility of paying the TFR alone. Those who decide to make the contribution flow into their position, in compliance with the minimum measure established by the collective agreements that amounts to 1% of the remuneration, can also benefit from that of the company, equal to 1.2% of the salary.
Clearly, if the member of Telemaco decides, during his stay in the fund, to suspend the contribution to his own burden, but interrupting the contribution by the company. However, the TFR will continue to flow into its individual position.
What contributions are invested in
Contributions paid into the Telemaco Fund shall be invested in financial instruments such as shares, Government bonds and other bonds, mutual funds of investment. .
As regards the Telemaco Fund returns, these depend on the risk profile chosen within the 4 envisaged:
- Guaranteed (White)
- Containative (Blue)
- Prudente (Green)
- Balanced (Yellow)
The adhering may also choose the Life Cycle Profile, an investment program that, at predetermined predetermined deadlines, automatically transfers the accrued position and future contributions to the sector or the combination of two most suitable sectors according to the retirement age provided for by the current pro-tempore legislation in order to maximize the results of the investment.
It is also good to know that each member can move its resources from one investment option to another (so-called switch) through the appropriate online functionality available in the Reserved Area and after at least 12 months have passed.
In the event that at the time of accession the holder does not explicitly indicate the chosen investment option, the contributions will be conferred in the Life Cycle profile.
What pension benefits can be obtained with the Telemaco fund
When the worker enrolled in Telemaco reaches the retirement age, request the benefit in the form of:
- Annuity; and the Annu
- Capital up to 50% and annuity for the remaining fee;
- Capital at 100% (only in some special cases).
In order to receive the benefit, however, it is necessary to have been enrolled at least 5 years in any form of supplementary pension, if the worker is allowed only to ask for the total redemption for loss of participation requirements, taxed at 23% or, one year after retirement, request partial redemption for termination of work, taxed at 15%.
The adher may still decide to start receiving the benefits offered by Telemaco at a later time and continue to contribute to the fund even if you already receive a public pension.
By choosing the performance in the form of annuity, you should know that different solutions are possible:
- Immediate Life annuity, ideal for those who want to receive their supplementary pension for a lifetime and do not want the rent to be paid to surviving beneficiaries at their death;
- Reversible ennuity, suitable instead for those who want the pension to continue to be disbursed after their death, in total (100%) or partial (with a minimum of 50%), to one or more beneficiaries designated until the last of them is alive;
- Annuity for 5-10 years, which provides instead a certain pension for 5 or 10 years to the adherent and an annuity of the same amount to its beneficiaries in the event that it dies. at the end of that period, if the pensioner is still alive, will continue to receive the pension until his death;
- Annuity Contro-insured, which instead entails receiving his supplementary pension for a lifetime, establishing that in the event of death the sums of the accumulated position not yet disbursed are also returned through periodic payments to the designated beneficiaries;
- Life income “Long term care”, the solution instead for those who want to receive their complementary pension for a lifetime and want to protect themselves (with the doubling of the annuity) from the risk of not having a sufficient income in case of loss of self-sufficiency.
How and when you can redeem your position
During the stay in the fund, the adherent to Telemaco may require both partial redemption and the total redemption of his position.
The partial redemption of the individual position, to the extent of 50%, is possible in the case of:
- Termination of work involving the in-employment for a period of time not less than 12 months and not more than 48 months;
- Procedures of mobility, ordinary or extraordinary earnings redundancy both in the event of termination of work activity and in continuity of the employment relationship, in the case of redundancy fund, earnings at zero hours of at least 12 months;
- The procedure of an incentive exodus.
The The partial redemption of the individual position in the measure of 75% it is possible instead only in case of loss of participation requirements to Telemaco following resignation or dismissal.
As for the total redemption, it is possible in the following cases:
- Permanent invalidity involving the reduction of working capacity to less than one third;
- Termination of work involving the in-employment for a period of time exceeding 48 months.
In the event of the death of the adherent before retiring, the individual position shall be redeemed by the beneficiaries designated by the member or, failing that, by the heirs. In the absence of the latter, the position remains acquired at Telemaco and is distributed among all members.
In addition to the partial or total redemption, the controller may also require an anticipation of capital to cope with emergency or need situations. Among the anticipation reasons contemplated by the Telemaco Fund there are:
- Health expenses following very serious situations relating to themselves, spouse or children: the advance can be requested at any time for an amount not exceeding 75% of the accumulated position;
- Purchase or renovation of the first house for oneself or for their children: in this case it takes at least 8 years from enrollment in any form of supplementary pension provision and the amount payable cannot exceed 75% of the accumulated position;
- Additional requirements of the adhering: even in this case it takes at least 8 years from enrolling in any form of supplementary pension provision, for an amount not exceeding 30% of the accumulated position.
How and when you can transfer your position
After two years from joining Telemachu, the subscriber to the fund may decide to transfer the entire individual position to another pension form without being subject to taxation.
In the event that it loses the requirements of participation in the fund, it may transfer its position regardless of the years of stay in Telemaco.
How to control pip management
You can control the management of the Telemaco Pension Fund through your reserved area on the site you can access via tax code and password.
To communicate with Telemachus you are also allowed:
- send a Recommended by post to Fondo Pensione Telemaco, Via Luigi Bellotti Bon,14 – 00197 ROMA;
- send a fax to the number 06.80914023;
- send an e-mail to the following address: complaints.fondotelemaco.it.
The opinion of jadnews
Adherence to a Category Pension Fund such as Telemaco is certainly beneficial for many reasons, such as:
- The possibility of having the company contribution, which is also deductible, which otherwise must be lost;
- The question of costs, much lower than an open pension fund or a private PIP, as it is a Fund not promoted by a company that has to make profits so the costs applied are only administrative.
