The fourteenth month’s salary, or simply the fourteenth, arrives between June and July. An extra sum that is due both to employees, if provided for by their collective agreement, and to pensioners with a low pension. Here’s everything you need to know.
What is the fourteenth
The fourteenth month’s salary is an example of “deferred remuneration” which is due to some employees if provided for in the relevant national collective bargaining agreement. It is an additional monthly salary that is paid between June and July on the pay slip or pension slip. Its amount accrues every month of work and is paid in a single payment according to the deadlines established by the individual collective agreements. Unlike the thirteenth salary which is mandatory by law for all employees, the fourteenth salary is not payable to everyone, but is regulated by individual national collective labor agreements (Ccnl) or individual contracts.
How much is
The amount of the fourteenth for workers is given by the sum of the individual installments that the employee accrues for each month in which he is employed by the company. The accrual period of the fourteenth salary normally runs from July to June of the following year, excluding periods which do not give entitlement to it. As mentioned, the amount of the fourteenth salary and the deadline within which it must be recognized are regulated by the individual Ccnl. However, more favorable conditions are permitted in company contracts. If the collective agreement does not provide for the fourteenth salary, the company can decide to provide it, regulating it in a specific internal agreement. As for the amount, if the worker has worked for the entire year of accrual, the amount of the fourteenth is normally almost equal to the salary expected for the month of disbursement. For example, if the payment takes place by June 30th of each year, the fourteenth will be equal to the June salary. Those who were hired later, during the vesting period, will receive an amount calculated on the basis of the months of vesting. The days of absence have a negative impact on the amount of this extra pay. In the calculation, in fact, the months in which the employee was employed by the company are considered, with the exception of those absences which do not allow the accrual of the fourteenth salary, such as unpaid or unjustified absences, suspension of work and of salary, unpaid leave, parental leave and redundancy pay paid directly by INPS.
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Fourteenth for pensioners: who is entitled to it
For pensioners, the fourteenth is an additional sum to the pension paid by the INPS in July or December of each year, and is designed as economic help for those with medium-low incomes. It is paid in July or December of each year and is due to pensioners aged at least 64 with a total income of up to twice the minimum annual payment of the Employees’ Fund (from 2017), holders of one or more pension payments paid by the insurance General Mandatory and substitute, exclusive and exempt forms of the same, managed by public compulsory social security bodies. As explained on the INPS portal, based on the safeguard clause, in the event that the total annual individual income is greater than 1.5 times or 2 times the minimum payment and less than this limit increased by the additional sum due, the the amount of the fourteenth is paid up to the increased limit.
Fourteenth salary for pensioners: when it is paid and how much
Pensioners who are entitled to it receive the fourteenth with the July 2024 pension payslip. While those who qualify after 31 July 2024 will receive the fourteenth in December 2024. The amount depends on the income limits and the years of contributions paid. In general, pensioners receive from 336 to 655 euros in their fourteenth salary.
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