Some 41.3% of Italian pensioners
receive less than 1,000 euros per month in retirement benefits,
national statistics agency Istat said Friday. Another 39.4%
received income between 1,000 and 2,000 euros monthly and a
small fraction received more than 3,000 euros for monthly
expenses, the agency said. Spending on pensions rose by
0.7% in 2013, and accounted for almost 17% of gross domestic
product (GDP) in 2013, Istat reported. Spending on pensions
totaled 272 billion euros in 2013, the agency said.
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