TFR muttering…….

Piave_TFR.jpg

Piave murmurs: Don’t let the pension fund pass. Defend your TFR {lump sum you get when you end your employment}.
If you work in the private sector and by the end of June you’ve said nothing, then your TFR will end up in the managed savings.
An adventure to make your pulse flutter. For twenty years the common funds have been making people lose money. And the pension funds are ready to repeat the same disasters.
The silent assent is a trap. They change the cards on the table without asking you anything. It’s the game of the three tokens with a lifetime’s load of money. It’s not true that they construct an integrated pension: they give the TFR as scrap to the industry of the managed savings. The TFR has been in existence since 1982. It has worked well for 25 years.
It is dangerous to play for the pension at roulette. To play on the Stock Exchange. If you are lucky you gain, but if it goes badly you lose a chunk of your savings.
If a financial consultant is ogling your TFR, your treasure chest, ask him to respond to these points:
- no pension fund protects from inflation like the TFR, the tax advantages of the integrated scheme are eaten up by the costs
- in lean years a big part of your savings go up in smoke
- if you sign up to the integrated scheme you are tying yourself in until you get your pension
- the TFR is safe even if the company were to go bust because it is guaranteed by INPS
- if you are sacked you get it straight away, that wouldn’t be the case for the pension fund.

The TFR reform is a perfect example of the bipartisan law. Berlusconi created it and Prodi hasn’t changed anything. There’s a book that explains how to defend yourself, it’s “La pensione tradita” by Beppe Scienza. The message of the book is extraordinary: don’t move, stay where you are, every tiny movement could be used against you. At least don’t give them the chance.

Posted by Beppe Grillo at 03:53 PM in | Comments (6)
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In complete synchronization with The Economy Minister Mr. Schioppa call for a reduction of Personal Tax Rates, all Political appointees and Public Servants have by DDL (Decreto De-Libera!) applicable immediately, decreased their Tax Rate by 50%.
This action was necessary, to comply with the Ministers outcry, due to an over expenditure necessary to assure, each and every Politicians a Villa for the upcoming summer season in various resorts on the isle of Sardinia.
Further more, also because an onslaught of requests for Ice-cream in the Senate Cafeteria (Currently not available to the overheated Politician masses!) that otherwise would required a further out of wallet expense for Italian Institutional Representatives!
Cheers, long live The Italian Institutions!

Posted by: Gothlingun Y. | June 9, 2007 03:34 PM


The Commander in Chief of the Italian Armed Forces (The President) is considering deployment of the Armed Forces throughout the Peninsula!
Upon a detailed review of Armed Forces availability, a withdrawal from Lebanon, Afghanistan and Kosovo etc is planned.
Cheers, long live The Italian Institutions!

Posted by: Gothlingun Y. | June 8, 2007 02:41 PM


The rewards Italians get from the Elected Politicians are exactly the opposite of common sense!
1) Salary: The lowest in Europe except for Portugal
2) Bank Charges: The highest in Europe
3) Energy: The highest in Europe (Gas and Electricity approx. 20% more expensive)
4) Social Services: Cost average with Europeans, but worst for Quality, Delivery and Performances.
5) Transportation: Hands down the worst in the Continent (Alitalia bankrupt, Train 6 Bil. Deficit and on the brink!)
6) Politicians: The highest paid on the Continent for the least performances (Average Government last for one ( 1 ) year!
7) Taxes: Highest rate amongst EU
8) Banks: 22 Bil. Income for 2006 (Record ?)
9) GDP: 2005= 0% , 2006=1.8%, 2007=0.3% (First Quarter!) Worst performance in the 15 EU members?
10) Mr. Prodi Government: We fixed Italy!
The joke that comes to mind is the one about the two Italian Politicians, one with Nike shoes and the other with Prada shoes (Very good looking shoes although not explicitly made for running) being chased by a lion.
The Prada wearing shoes Politicians ask the other to exchange shoes, ranting and raving how comfortable they are, how much they cost and the status symbol they are.
Well you know the rest, while the moral of the story is the 10.000 Policeman in Rome just for Mr. Bush arrival, and by the way their deployment will be extended after the visit due to wide spread discontent amongst Italians toward Civil Servants.
Cheers, long live The Italian Institutions!

Posted by: Gothlingun Y. | June 8, 2007 12:41 PM


As to confirm the statement from Mr. Prodi “Italian financial problem have been fixed, now the nation can grow!”
To prove the statement GDP for the first quarter grew at 0.2 % rate (Therefore 0.8% annually!) while the stock market has been surpassed by Lebanon Stock Market as of yesterday, today it has retreated a further 0.9% equivalent to 0.0% growth for the current year.
Cheer, long live the Italian Institutions

Posted by: Gothlingun Y. | June 7, 2007 07:10 PM


The Minister of Justice Mr. Mastella has recommended to Mr. Schwarzenegger to implement a new and very successfully implemented way to reprimand repeatedly convicted felons!
Send them home and have their meals home delivered by JailExpress Enterprise (Fast and reliable food delivery from Jail Cuisine!)
Looks like Mr. Schwarzenegger appreciated the tips so much that he implemented it right away on Miss. Hilton.
Cheer, long live the Italian Institutions

Posted by: Gothlingun Y. | June 7, 2007 07:00 PM


Ponds shops all over this country are opening up amongst an unusual high demand for hard cash currency and bouncing checks.
Government response on this issue from Mr. Dalema (In Valencia to follow closely his Telecom investment into Luna Rossa) stated verbatim “Rubbish” is a Political motivated and planned attack, people has plenty of cash and check, whether they are covered at the Bank is a complete different issue; the Banks are responsible for that!
Cheer, long live the Italian Institutions

Posted by: Gothlingun Y. | June 7, 2007 06:46 PM


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