Thursday, July 7, 2016

Pensions, Boeri: on with the flexibility, no partial operations – Il Sole 24 Ore

INPS urges long been a “comprehensive action” to overcome the rigidities imposed by Fornero reform on pensions. It would be “paradoxical that the confrontation between the government and social partners are still in progress conclude once with extemporaneous and partial actions.” This was stated by President Tito Boeri, explaining to the House the annual report of the institute and remembering, among other things, that the Fornero reform has created “social hardship” among workers with more than 55 years and made “more difficult ‘entry into the labor market of young people “, helping to increase unemployment of under 30.



Accommodation, Boeri: flexibility in output can be sustainable

Boeri: Ape goal is freedom, not pushed to go out
Boeri has called “very positive “that the Government and the social partners are comparing to identify possible corrective, with forms of flexibility in output. Starting from the advance pension (Bee). But, given the complexity of the solutions is “fundamental – he added – to ensure that all those who will one day exercise flexible output options to be able to fully understand the implications of their decisions.” There is no denying – continued Boeri – that “twenty-year depreciation rate of a loan constitutes a permanent reduction of their future pension. Nor can it be denied that, continuing to work, the taxpayer would be entitled to a higher pension. ” That’s why the goal of the Bee, “should not be certain to push people as possible to leave the labor market ‘, but’ to ensure greater freedom of conscious choice without increasing the pension debt and without creating generations of poor pensioners “.



Accommodation, EPA in the game even revaluations, ricongiunzioni and strenuous

“Safeguards esodati expensive and inadequate”
As to the need for action organic on pensions, the president of INPS recalled in the annual report that the correction to the law Fornero, starting at 7 safeguards in favor of esodati “appear very expensive and inadequate.” The safeguards adopted have indeed “eroded up to one sixth of the savings achieved by the 2011 reform and that’s not counting the high administrative costs of these measures both at central level and on the ground.” Not only. For Boeri “the safeguards are, in fact, a flexible retirement solution without charge dedicated to specific categories of workers.” So that “exemptions of this kind can only be justified for certain categories of workers (such as, for example, strenuous).” There are “sustainable forms of flexibility within our reach,” said the president of INPS, so that “perpetuate the delay in finding sustainable solutions risks fueling even the use of unfair solutions as well as extemporaneous solutions and barely effective.”



“It would be paradoxical that the confrontation between the government and social partners are still conclude once with extemporaneous and partial actions.”

Tito Boeri, President INPS



Accommodation, here the possibilities already provided for flexibility in output

100 people in part-time subsidized
Recalling the need to avoid in the study of flexibility measures output “extemporaneous speeches and partial”, Boeri has shown that ol part time facilitated towards retirement for people less than three years away from access to retirement came into force on June 2 involved in the first month only just over 100 people. The measure – it is stressed, – is bound to have “administrative costs exceed the amounts disbursed. ‘

” No alarm, however, benefits paid’
Boeri in its report , responding to the concerns and alarms on the Institute’s budget, said that the INPS ‘acting on behalf of the State “and that” its performance will still be paid because guaranteed by State law. ” He said, explaining that “what matters to workers, pensioners and businesses
is the consolidated financial statements of the Italian state, not the INPS budget ‘.



Accommodation, come the first orange envelopes

“Data Transparency, although indigestible”
Transparency on data and information are key INPS Tito Boeri, as a bulwark against temptation to hide the numbers when they are negative. Boers, illustrating the Institute’s annual report and referring to the criticism relating to the observatory data on precarious, said that “surprising to note that some have criticized us for offering too much information, not always convergent, in their opinion, with those provided by our institute of statistics. ” But, attacked the president of INPS, ‘coherence does not mean coincidence when the sources are different and the data are used to make un`opinione only if they are credible, “



View: legitimate solidarity levy on higher pensions

Almost four out of ten pensioners below one thousand euro
The annual report relating to the INPS 2015 finds that about 6 million pensioners (5,962,650), less than four out of ten or 38%, perceive gross monthly checks below one thousand Euros. Over the previous year (2014) the percentage of those who have a pension income of less than one thousand euro fell (it was 40.3%, equivalent to about 6.5 million pensioners). The number of INPS pensioners amounted to 15,663,809 with an average gross monthly amount of 1,464.41 Euros (calculated by dividing the total annual amount of pension income for 12 and therefore inclusive of the thirteenth) rate. The number of social security benefits instead of 17,184,075 with an average gross monthly amount of 1,093.54 euro. In 2015 the total pension expenditure increased by more than 4 billion euro (+ 1.58%), going from 268.817 billion in 2,014,000,000,000 to 273.074000000000 in 2015.



CSC: foreign workers from 8.7% of total GDP, positive impact on public finance

“Every year migrants” give us “300 mln euro”
Boeri also recalled that in Italy immigrants pay every year 8 billion social contributions and will receive 3 in terms of pensions and other social benefits, with a net balance of approximately 5 billion. Not only. Around one point of GDP of social contributions has not been employed to provide pensions, ie about 300 million. “We calculated – said Boeri – that so far the immigrants we have” given “about a point of GDP of social security contributions in respect of which have not been paid out in pensions. And every year these non-repayable contributions of immigrants fund worth about 300 million Euros. ”

“With jobs act no increase redundancies’
In the annual report Boeri also spoke of the labor market reform contained in the Jobs Act. In particular it made highlighting that passing the reinstatement for dismissal without just cause and with justification provided by the Jobs Act for new hires did not lead to an increase in layoffs. “It was feared that passing the so-called” reinstatement “would have increased layoffs – he said – but there seems to have been that way,” since “the incidence of layoffs in 2015 decreased by 12% over the previous year, very more than he could have expected in the light of the improvement of the economic situation. ” According to Boeri, “the contract to increasing protections is not made to fire, but to stabilize employment, stimulating investment in human capital. There still will take some time – said – to make a thorough assessment of the reform. “

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