Professional Studies Solidarity Fund
- Studio Piceci
- June 13, 2021
- Reading time: 4 min
On May 20, the Ministry of Labor and Social Policies published a decree appointing the administrative committee of the "Confprofessioni" Solidarity Fund, and a recent INPS circular sets out instructions to ensure its operation.
We remind you that this Fund, established by Interministerial Decree No. 104125 of December 27, 2019, guarantees ordinary wage supplementation in cases of reduction or suspension of work, with the aim of providing employees of employers in the professional sector who employ more than three employees (including apprentices with professional apprenticeship contracts and excluding managers) protection during the employment relationship to support their income in cases of reduction or suspension of work.
Employers in the professional services sector who employ an average of more than three employees identified on the basis of the ATECO codes defined in INPS Circular 77/2021, which we attach hereto, are required to register with the Fund. All professional activities falling under the aforementioned ATECO codes must be marked with the authorization code "0S," which, starting from the March 2020 pay period, means "Bilateral Solidarity Fund for Professional Activities."
The assignment of the authorization code "0S" to the INPS registration numbers thus identified will be carried out automatically by the Institute and will replace the code "0J" used to identify those enrolled in the FIS.
The services provided by the Confprofessioni Fund are financed by:
An ordinary contribution calculated based on the number of employees;
Any additional contribution
Funding for the Fund through the ordinary contribution – what it is and how any arrears owed will be managed
For employers with an average of more than three and up to fifteen employees, the contribution is 0.45% (two-thirds of which is paid 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 of which is paid by employers and one-third by employees) of the taxable remuneration for social security purposes.
For the purposes of calculating the employment average, reference is made to INPS Circular No. 176 of September 9, 2016, taking into account the average for the six-month period preceding the reference month.