Renewal agreement relating to the economic part of the National Collective Bargaining Agreement for Managers of Tertiary Sector Companies

News . 11/2023

Subject: Renewal agreement concerning the economic provisions of the National Collective Bargaining Agreement for Executives in the Tertiary, Distribution, and Services Sectors

On April 12, 2023, the agreement to renew the National Collective Bargaining Agreement for Executives in the Tertiary, Distribution, and Services Sectors was signed.

The social partners who signed the agreement are: the Italian General Confederation of Commerce, Tourism, Services, Professions, and SMEs (Confcommercio – Imprese per l'Italia), and Manageritalia – National Federation of Executives, Managers, and Professionals in Commerce, Transport, Tourism, Services, and Advanced Tertiary Sector.

This agreement, which regulates the economic part of the relevant collective agreement, should be considered in conjunction with the agreement of June 16, 2021, which regulates the regulatory part, and shall take effect from January 1, 2022 (except for the specific effective dates provided for individual institutions), and shall remain in force until December 31, 2025.

One-time payment

As back pay, a one-off payment of €2,000.00 gross will be paid in three installments:

• €700.00 – with the salary for the month of May 2023;

• €700.00 – with the salary for the month of September 2023;

• €600.00 – with the salary for the month of November 2023.

The one-off payment is made to fully cover the period from January 1, 2020, to December 31, 2022, to executives in service on April 12, 2023, including executives appointed between January 1, 2020, and December 31, 2022.

This one-off payment does not apply to executives appointed on or after January 1, 2023.

For executives hired or appointed between January 1, 2020, and December 31, 2022, and in service on the date of signing this agreement, the amount will be paid pro-rata in relation to the months of service accrued in the position during the above-mentioned period.

This amount is to be considered gross of the ordinary contribution due and personal income tax, which will be calculated separately; it is not useful for the purposes of calculating severance pay or any contractual institution. In the event of termination of employment prior to the payment of the tranches, the total or remaining amount of the one-off payment will be paid together with the severance pay.

Adjustment of the minimum monthly wage and salary increases

As of April 12, 2023, certain articles of the National Collective Bargaining Agreement (CCNL) will be amended:

• “Article 5 – Minimum monthly contract amount”

• “Article 6 – Salary increase”

• “Art. 21 – Professional development and training for executives, active policies, and outplacement (CFMT)”

• “Art. 21-bis – Welfare services for executives and their families (CFMT)”

• “Article 25 – Supplementary pension scheme (Mario Negri Fund)”

In summary, the new contractual minimums are specified here:

• as of December 1, 2023, the minimum monthly contract amount is set at €4,040.00;

• as of July 1, 2024, the minimum contractual amount is set at €4,190.00;

• As of July 1, 2025, the minimum contractual amount is set at €4,340.00.

For executives employed as of November 30, 2023, the increase in the minimum monthly contract salary will be achieved through the payment of salary increases provided for in:

• €150.00 per month from December 1, 2023;

• €150.00 per month from July 1, 2024;

• €150.00 per month from July 1, 2025.

These increases may be absorbed up to the amount granted by companies as a down payment or advance on future contractual economic increases granted after December 31, 2019.

Welfare Services

The parties have established a body called CFMT (Tertiary Sector Management Training Center), managed jointly, which aims to offer companies and their managers training and refresher opportunities.

The training programs are available to managers free of charge.

• The training days chosen by the company for the updating and development of its managers, as well as any travel and accommodation costs, will be borne by the company and the days themselves will be considered working days.

• The training days chosen by the manager will be paid for by the individual user, including any travel expenses, and the days will be considered deductible from the individual's vacation allowance.

From October 1, 2021, the annual CFMT contribution will be €290.00 payable by the employer and €130.00 payable by the manager.

For the years 2024 and 2025 only, the annual contribution will be increased by €50.00, of which €25.00 will be paid by the employer and €25.00 by the manager. As a result of this increase, with effect from January 1, 2024, and January 1, 2025, the annual contribution will be €315.00 payable by the employer and €155.00 payable by the manager.

On a transitional basis, these contributions will be paid into the "Mario Negri" pension fund, in accordance with the criteria, procedures, and systems established for the payment of contributions pertaining to the fund itself.

Starting July 1, 2021, in the event of termination of employment, even if followed by a settlement agreement or conciliation, except in cases of termination for just cause, dismissal for disciplinary reasons, voluntary resignation, or consensual termination, the employer shall pay the CFMT a contribution of €2,500.00 for the activation of outplacement or for access to active policy programs for the relocation of executives.

In order to optimize and enhance the contractual welfare system, the CFMT has been assigned support and organizational responsibilities relating to the creation of a welfare platform for Tertiary Sector Executives.

To this end, and on an experimental basis, valid only for the duration of this agreement, effective January 1, 2024, and January 1, 2025, the introduction of a mandatory welfare contribution mandatory welfare contribution in the amount of €1,000.00 per year, which can be spent through the CFMT welfare platform within the scope of the services and coverage defined by the Parties. The employer may credit additional amounts, by signing a company regulation or agreement, provided that they are of equal value and in favor of all employed executives.

The minimum contractual welfare value will be paid in addition to any flexible benefits systems. flexible benefits recognized by the employer.

The value of €1,000 is recognized on a pro rata basis in the case of hiring or appointment during the reference year, whether on a permanent or fixed-term contract, while it is not re-proportionalized in the event that the executive is employed on a part-time contract.

Supplementary pension scheme (Mario Negri Fund)

Managers are entitled to supplementary pension benefits, which supplement the compulsory disability, old age, and survivors' insurance provided by INPS (the Italian National Social Security Institute) and/or compulsory substitute funds, managed by the Mario Negri Fund.

As already known, the ordinary contribution is given by the sum of the contribution paid by the employer, equal to 12.86% as of October 1, 2021, and the contribution paid by the executive, equal to 1%, calculated on the conventional annual salary of €59,224.54.

As already specified in our previous Flash News, the supplementary contribution, including the contractual membership contribution payable by the employer, will be equal to 2.39% of the above-mentioned conventional annual salary as of January 1, 2023, and this contribution will be increased to 2.43% as of January 1, 2024, to 2.47% from January 1, 2025.

The ordinary contribution payable by the company, equal to 4.13% of the conventional annual salary, remains unchanged from 2018 for managers hired under the subsidy scheme. Please note that, for the purposes of supplementary pension schemes, the Mario Negri Fund accepts severance pay separately, regardless of the amount paid.

The "Mario Negri" Pension Fund for Executives of Commercial, Shipping, and Transportation Companies is governed by specific statutes and regulations agreed upon by the parties who have entered into the agreement referred to in this News.

Reference: Renewal agreement of April 12, 2023

News :

News Agreement to renew the economic part of the National Collective Labor Agreement for Tertiary Sector Executives.pdf

Download PDF • 576KB