Art. 14, par. 3, of the Italian Legislative Decree no. 252/2005 provides that, in case a member should pass away before they gain access to an allowance, the capital accrued shall be inherited by their estate or by the beneficiary/beneficiaries previously designated by the manager.
COVIP with a document of 15 July 2008 has also detailed:
- that the beneficiaries prevail on heirs;
- that it shall be considered an allowance “iure proprio” and not “iure successionis”;
- nonetheless, a different agreement between the parties involved shall be taken into due consideration.
In order to make the designation, it is necessary to send to the Fund the form 062 duly completed and signed. The same form can be used to make an amendment to the nomination.
The underage dependent family member who is enrolled in Previndai cannot nominate beneficiaries.