Many categories of employees and pensioners will collect the fourteenth month’s salary between June and July 2024, which for workers has an amount similar to one month’s salary, while for pensioners it depends on income and contributions paid. Here’s who will be able to get it, how it is calculated and what the expected times are.
In the next few weeks, in June or July 2024, many employees and pensioners will receive their fourteenth month’s pay. This is a payment which, unlike the thirteenth, is not mandatory by law for all employees. It’s up to you workers only if it is provided for in their national collective agreement (for example trade, tertiary, multi-services, hauliers and logistics) or in their individual company contract. Furthermore, it is up to the pensioners if they meet certain income and age requirements. The amount for workers is approximately equal to one month’s salary, but is lower for those who have not worked in the previous twelve months. For pensioners, the amount depends on the same income requirements and years of contributions.
Who is entitled to the fourteenth month salary in 2024
The fourteenth is aimed at employees and pensioners. In the case of workers, this is not mandatory by law for everyone (like the thirteenth), but must be provided for by national collective agreement. It is, for example, in the collective bargaining agreements for commerce, tertiary sectors, hauliers and logistics, food, tourism, private security, public businesses, multi-services, credit institutions and insurance companies. On the contrary, among those excluded there are the majority of public employees and those who fall under the metalworking or communications collective bargaining agreements. Individual companies can decide to pay the fourteenth salary through internal agreements, regardless of the collective agreement.
As far as pensioners are concerned, the fourteenth is paid as financial assistance by INPS to those who have at least 64 years of age, and has a low income. The total income must not exceed twice the minimum annual salary from the Self-employed workers fund. In essence, therefore, the income must be less than 15,563.86 euros per year. However, there is a margin of tolerance for the income threshold: it can be collected even if the income is slightly higher, but only up to 16,067.86 euros per year.
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How to calculate the amount of the 2024 fourteenth
The calculation of the fourteenth occurs in a similar way to that of the thirteenth. For workers, worked every month from July to June of the following year, part of the fourteenth salary accrues, equal to one twelfth of the gross monthly salary. In essence, for those who have worked for the entire past twelve months, the fourteenth salary should essentially be equal to an additional salary. Those who have worked for less time – for example, have only been hired for six months – will have a reduced amount, to be calculated on the months actually worked.
The months in which only part of the work was carried out are counted if there were more than fifteen days of work. I’m always the days are ‘valid’ holidays, sickness (short-term paid by the employer) and accidents (within the limits set in the contract), holidays, marital leave and rest for breastfeeding. On the contrary, days of unjustified or unpaid absence, periods of suspension from work and pay, redundancy pay paid directly by INPS, overtime work, night work (if it is not normally foreseen) are excluded from the calculation of the fourteenth salary. during working hours), parental leave, strike and unpaid leave.
For pensioners, the amount of the fourteenth It depends on your income and the years of contributions paid. The detailed table was published as an attachment to the circular on pension updating at the beginning of the year. The lowest possible amount is 336 euros, for those who have fewer contributions (up to 15 years for employees, up to 18 years for self-employed workers) and have an income between 11,773.90 euros and 15,563.86 euros per year. ‘year. The maximum amount, however, is 655 euros, for those who have paid multiple contributions (over 25 years for employees, over 28 years for self-employed people), and have an annual income of less than 11,672.90 euros. Anyone who started receiving benefits after January 1 or who turns 64 during 2024 will have their 14th paycheck recalibrated based on the number of months they actually qualified.
When it is paid for employees and pensioners
The deadline for disbursing the fourteenth month’s salary for employees is established by individual collective agreements. For example, in the trade collective bargaining agreement the indication is that the sum must be paid by July 1st, therefore in the June pay slip. In other cases, reference is made to the July pay slip. To be sure of your deadline you need to consult your collective agreement: most national collective bargaining agreements indicate June or July as the deadline.
For the pensioners, the rule is slightly different. The fourteenth is paid in July for those who meet the requirements necessary to have it by 31 July 2024, while for those who arrive later – or have become pensioners during this year – it will be paid in December. The payment is made on the basis of last year’s income, and then retrospectively it is checked whether this year’s income also meets the requirements. If the fourteenth is not paid to those who are entitled to it, an application for reconstitution can be made from the INPS website. If the requirements are met, it will be paid in the immediately following months.
