Pensions, government studies flexibility, also contributory to all – Reuters Italy

Francesca Piscioneri

ROME (Reuters) – While Europe remains vigilant on every change budget balances that ‘break-ins’ the Italian public finances, in particular after the reimbursements paid to the average pensions, the government is studying the possibility of adding flexibility to the exit age from the labor, but on a voluntary basis and with penalties.

The idea, described in generic off by Prime Minister Matteo Renzi, would be to added in the next law of a stability mechanism to leave work between 60 and 62 years (from 66 under the law Fornero) in front of a check lower.

Among the” percent hypothesis “in the study, said this morning as Welfare Minister Giuliano Poletti, is also to calculate, for those who want to get out before the whole welfare benefits with the contribution system for penalizing those who would be entitled to a portion of the pension calculated with the salary. It is the oldest and most generous system of calculating pre-rifoma Dini of 1996 that regulated the pension on the basis of the last salary of the career and not on contributions.

Another theory launched in recent days by the former Labour Minister Cesare Damiano and the Economy Undersecretary Pierpaolo Baretta, both the Democratic Party, is to allow a early exit at age 62 with a pension cut of 2% per year.

It then waits for the end of June to the proposal of the president of INPS Tito Boeri. The economist at Bocconi was the first to say that, “using the contribution-based, you could introduce forms of flexibility”.

BALANCE OF FINANCIAL TIES WITH LOWER STIFFNESS ‘

However, if the so-called bonus imposed by the Council for failure to recover part of indexing between 2012 and 2013 has cost just over 2 billion, allowing Italy to remain below 3% in the deficit / GDP ratio, flexibility in output would have much higher costs that may be alarmed Brussels, also taking into account two factors: Italy It has a social security spending that travels around 16% of GDP and that the EU Commission estimates again in 2020 to 15.5%, the second highest in the euro zone after Greece. Secondly, Europe calculates the immediate increase in expenditure due to pensioners ‘early’ but not the fact that then you will save because the pension amount will be lower with the penalties. More …