A financial advance on the Leaving Indemnity for Civil Servants (TFS) and on the Severance Indemnity (TFR) is a loan that allows users to obtain part or all of their accrued, though not paid, indemnity (if not exceeding €45,000), without having to wait the normal period.
A financial advance may be claimed by civil servants who have left the service and who have or have had access, before the date of entry into force of Decree-Law no. 4 of 28 January 2019, to their pension with the requirements of the Quota 100, or based on Art. 24 of Law 214/2011.
On the other hand, those who have left or will leave the service without pension rights, the personnel of the Armed Forces, the Police Forces and the National Fire Department cannot obtain a loan.
In order to obtain the loan, the interested parties must first request to the INPS the certification of the transferable amount for a financial advance, by sending a quantification claim online.
The INPS issues the certification within 90 days of the date of the application and places it in the MyINPS reserved area.
Once the certification has been obtained, the interested parties can claim from the banks or other financial intermediaries that have signed up for the initiative, by registering at https://www.lavoropubblico.gov.it/anticipo-tfs-tfr the subsidised loan for a maximum amount of € 45,000 or, in any case, within the capacity of the benefit due to the pensioner, if of a lower amount.
Once the bank has accepted the proposal, it notifies the INPS of its acceptance. Once the necessary checks have been carried out, the INPS notifies the bank within 30 days that the advance payment agreement has been acknowledged.
If the acknowledgement is “positive”, the bank will credit the advance amount within 15 days of the effective date of the contract.
The loan is guaranteed by a Guarantee Fund, established under Article 23, paragraph 3, Decree-Law 4/2019 and managed by the INPS.
Citizens can submit a quantification claim for a financial advance through one of the two dedicated online services, depending on whether the applicants are on the TFS or TFR scheme:
- Simulation of TFS or submission of TFS quantification clai
- Quantification claim of severance indemnity (TFR) for Civil servants and Declaration of beneficiaries/heirs for severance indemnity (TFR) payment - claim
Alternatively, they can submit their claim through patronage institutes.
When filling out the application, after selecting the claim for “Financial Advance Decree-Law no. 4/2019”, applicants must indicate the bank chosen for the loan transaction and declare that they have had access to the pension according to the specified requirements.
For further details, the following documents can be consulted:
- INPS circular no. 130 of 17 November 2020 (operational instructions on the financial advance);/li>
- INPS circular no. 131 of 17 November 2020 (Guarantee Fund for access to loans);
- message no. 4315 of 17 November 2020 (procedures for submitting a quantification claim).
The ordinary deadline for issuing the measures is set at 30 days under Law no. 241/1990. In some cases, the law may set different deadlines./p>
The table shows the deadlines exceeding thirty days, set by the Institute with a Regulation.
In addition to the terms for the issuance of the decision, the table also indicates the relevant manager.