INPS sets strict TFR payment deadlines and reports a 1.8% drop in 2025 benefits

The Italian Institute of Social Security (INPS) has issued detailed instructions for employers on the new severance‑pay (TFR) contributions of newly hired workers. Starting 1 July 2026, companies must submit arrears to the INPS Treasury Fund within sixty days of the employee’s start date, using the Uniemens flow code CF05. Missing the first deadline triggers a switch to code CF02 and additional penalties calculated with the official inflation index. The guidance also outlines thresholds based on average staff numbers that determine when the Treasury Fund contribution applies.

In its 2025 annual report, INPS disclosed that 1.5 million benefits were liquidated, a 1.8% decline from the previous year. Of these, 54% were pension‑type benefits and 46% were assistance payments. Average monthly amounts remained stable around €1,312 for pensions and €500 for assistance. The total number of insured workers rose to 27.2 million, driven mainly by growth in employee coverage, while the share of self‑employed insured fell.

Both measures reflect ongoing adjustments to Italy’s pension and welfare system, affecting employers, employees, and the broader social‑security budget.