An advance of 1,400 euros for those waiting for the redundancy check that will have to pay the INPS. An agreement signed between trade unions, businesses and the Italian Banking Association (Abi).
Moreover, INPS has already received layoff requests for 1.4 million workers. The president of INPS, Pasquale Tridico. Tridico explained that equal payments for 1.2 million workers have already received treatment from their companies. For another 200,000 workers the payment will be direct.
The premise to start the simple mechanism: the employer must apply for the layoff for the Covid-19 emergency, with the specification of suspension of the employee from work at zero hours and request for direct payment of the cig by the INPS .
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The form to fill out
Once the employer has initiated the request, the worker can go to the bank to fill in the form with the application for the advance payment of wages, however, in these days it is preferable to retrieve the form online, fill it out and send it electronically to own bank. A specification applies: the bank or the credit institution must have adhered to the agreement, if it has not done so, it will be necessary to contact another bank. The forms are clear and require you to enter your data, self-certify your condition as a worker suspended from work for zero hours and the request by your company for the integration of wages. The form includes a clarification to specify that the 1,400 euro loan expires when the INPS makes the payment of the cig.
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The rules and timing
As mentioned, the bank advance of the cig corresponds to 1,400 euros, a lump sum parameterized to 9 weeks of work suspension at zero euros. If the duration of the stop from shorter work also the amount will be recalculated in proportion to the time spent at home, instead of in the office or factory. From an operational point of view, once the application has been made through the form, the bank can immediately set up the opening of an account with a credit line of 1,400 euros, or it can reserve the right to carry out an investigation. The commitment, also reaffirmed in the agreement, on the other hand, that the opening of the account is free of costs and that any investigation of creditworthiness is very fast. In any case, the bank must give an answer, whatever it is, promptly.
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Guarantees and repayment of the loan
If the entire operation proceeds linearly, the 1,400 euro loan expires when the INPS pays the salary integration treatment. In any case, the credit opening of 1,400 euros has a duration of seven months and does not provide guarantees. If, for some reason, INPS does not accept the cig question, what happens? In this case, the bank will be able to retaliate against the worker and request the repayment of the loan. If the defaulting worker does not honor the debt, the bank will notify the employer of the debit balance of the current account and the employer will have to pay the workers’ fees (including severance pay and advances) to pay off the loan.
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