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Publication: 3 April 2017 Latest update: 26 June 2023
What is it?
It is a service that collects, stores and manages data relating to compulsory, supplementary and complementary pensions benefits provided by social security and bilateral institutes (Presidential Decree no. 1388 of 31 December 1971).
Who is it aimed at?
It is aimed at:
- Compulsory General Insurance (AGO) for invalidity, old-age and survivors of employees;
- AGO substitute compulsory social security schemes;
- employees of credit institutes excluded or exempted from AGO;
- Compulsory schemes for the payment of pensions to the self-employed professionals;
- any other compulsory welfare/pension scheme;
- any other form of supplementary and complementary social security scheme.
How does it work?
Pension institutes shall send to the Central Pensions Record:
- the data of the pensions;
- the necessary elements for the management of the Pensions Record via electronic means, in accordance with the obtainment and transmission specification drawn up and notified by INPS to the institutes concerned.
The annual communications shall be sent by the month of February of each year and shall concern:
- the pensions paid in the previous year;
- the pensions to be paid in the current year.
The following data shall be transmitted within the month following the end of the quarter:
- enrolments;
- cancellations;
- changes in amount.
Specifically:
- by 30 April, those occurred from 1 January to 31 March;
- by 31 July, those occurred from 1 April to 30 June;
- by 31 October, those occurred from 1 July to 30 September;
- by 31 January, those occurred from 1 October to 31 December of the previous year.
The latter communication may be made in conjunction with the annual communication due on 28 February.
The quarterly communication should not be made, if there are no enrolments, cancellations and changes.
By end of June of each year, and based on the data collected, the Central Pensions Record:
- identifies the subjects who receive two or more pensions;
- calculates the IRPEF percentage of the beneficiaries and related tax deductions;
- communicates to the paying institute the IRPEF percentage and applicable deductions;
- determines and communicate to the institute the revaluation coefficient due from 1 January of the relevant year (for holders of multiple pensions subject to the rule of cumulation).