Ahead of the expected renegotiation and renewal in 2022 of the national collective bargaining agreement (CBA) for dirigenti (executives) in the commercial sector, Manageritalia (the national federation of executives in the commercial sector) and Confcommercio (the largest confederation of companies in Italy) have signed an agreement with provisions affecting benefits. As background, the national CBA for executives in commerce covers 8,000 companies and 24,000 executives, and provides for supplementary benefits through the Antonio Pastore insurance fund, the Mario Negri pension fund and the FASDAC health care fund.
Details of the June 16, 2021 agreement concerning executives in the commercial sector include:
At this stage, employers should ensure that their contributions to the CBA supplementary benefit funds (Antonio Pastore, Mario Negri and FASDAC) will be split in accordance with the new allocation, and that they comply with the additional cost in the event of an executive’s termination.