The rate of devaluation for the year 2001 has been definitively established at 2.68%.
Accordingly, based on 75% of the rise in ISTAT’s cost-of-living index for last year, there will be increases in the pensions paid by ENPAM’s general fund and special funds, both for direct pensions and for survivorship pensions, without applying the cuts proportionate to surviving spouses’ income that are normally applied to employment pensions. ENPAM’s administration was waiting for the final value and is now busy calculating.
Since pension payments are made at the start of each month and February payment orders have already been passed out to the banks, back payments for January and February will arrive with the March payment. The increase is 2.01%, that is, 75% of the actual devaluation, calculated on the entire amount. The devaluation rate is also the basis for determining the income levels for social security contributions to be paid by self-employed professional workers (12.50% of net income or, for those entitled to a reduction, 2%) on their 2001 income.
The first instalment must be paid by July 31 and the second by October 31. The minimum level of income above which doctors must pay contributions has passed from last year’s 15,504,000 lire to this year’s 15,919,500 lire (8,221.74 euros). For workers under 40, the level went from 8,328,000 lire to 8,551,180 lire (4,416.32 euros). The ceiling level above which only a 1% contribution is due (0.50% as a solidarity contribution and 0.50% for social security) rose from 84,500,000 lire to 86,764,600 lire (44,810.18 euros).