Professional Practices Solidarity Fund

The Ministry of Labor and Social Policies published a decree on May 20th for the appointment of the administrative committee of the "Confprofessioni" Solidarity Fund, and a recent INPS News outlines the instructions to ensure its operability.

We recall that this Fund, established by interministerial decree no. 104125 of December 27, 2019, guarantees the ordinary wage supplementation allowance in cases of reduction or suspension of work activity, thus aiming to provide income support to employees of employers in the professional activities sector with more than three employees (including apprentices with professional apprenticeship contracts, excluding executives), ensuring protection during the employment relationship in cases of reduction or suspension of work activity.

Employers in the professional activities sector who employ an average of more than three employees, identified based on the ATECO codes defined by INPS News 77/2021, which we attach hereto, are required to register with the Fund. All professional activities falling within the aforementioned ATECO codes must be identified by authorization code "0S", which, starting from the March 2020 pay period, signifies "Bilateral Solidarity Fund for Professional Activities".

The assignment of authorization code "0S" to the INPS registration numbers thus identified will be carried out automatically by the Institute and will replace code "0J", which identifies those registered with the FIS.

The benefits of the Confprofessioni Fund are financed by:

• An ordinary contribution calculated based on the number of employees;

• A potential additional contribution

Funding to the Fund through the Ordinary Contribution – what it is and how any arrears will be managed

For employers who employ an average of more than three and up to fifteen employees, the contribution is 0.45% (two-thirds borne by the employer and one-third by the employees); for employers who employ an average of more than fifteen employees, the ordinary contribution is 0.65% (two-thirds borne by the employers and one-third by the employees) of the taxable remuneration for social security purposes.

For the purpose of calculating the average workforce, reference is made to INPS News no. 176 of 09/09/2016, considering the average of the six months preceding the reference month.

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