TFR in Pension Funds: FLOP accessions, returns to FLOP
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Association for the Taxation of Financial Transactions and assistance to Citizens
Local Committee - via Mantova 34 - 10153 Torino - attactorino@libero.it
Open letter to Labor Unions
TFR in Pension Funds: FLOP accessions, returns to FLOP
It 'just the past year after a "campaign" for the widespread introduction of Pension Funds. Please remember that atmosphere of optimism about the unanimous "magnificent and progressive destiny" of Pension Funds: parties and trade unions, economists and giuslavoristi with bocconiani passed (very elapsed) proximity to the trade unions of workers, public and private television stations, newspapers and any Other media, all involved agreed to persuade the workers to choose for their own good, to barter their TFR with the entry of a Pension Fund.
Now we know the results of that plebiscite *: more than 71% of the workers concerned have explicitly refused to barter, even the norm, to say the least flawed of silence mechanism (a monstrum in our system, as the act of disposal capital !) Has achieved 29% of accessions, it was due to please a few decimal less.
How to explain this, to say the least lukewarm, Italian transport workers against a security tool, "providential" for its laudatori?
A regurgitation of mass revolutionary passions and fascination veterobolscevica (parebbe not, given the election results)?
The dell'arco yet another expression of Italian society that a prisoner of myths agro-pastoral, rejects the tools of modernity?
Maybe help find a response to the report provides the COVIP **: in 2007 the yield of Pension Funds was significantly lower than the TFR:
TFR 3.1% Funds 2.1% -0.4% open Funds
The data from previous years confirms that this is structural:
1.1.2000-31.12.2002 - TFR 10.6% Pension Fund -0.5%;
1.1.2003-31-12-2005 - TFR 9.6% Pension Funds 17.8 %.***
Performance in 6 years: TFR 21.22% 17.28% Pension Funds
The economic reading newspapers and the most prosaic everyday spending suggest that 2008 will not be particularly bright for the financial market and, consequently, for the Pension Fund forecasts for the years to follow would be preferable to inspire greater caution.
How is it possible that the vast majority of Italian workers have made the right choice for himself and his family, disattendendo the advice of all academics, parties, which give the vote, and trade unions to which they belong (and we say: where are good to be owned)?
Association for the Taxation of Financial Transactions and assistance to Citizens
