Tito Boeri, the head of pensions and social security agency INPS, said Tuesday that the government's 2016 budget bill provided only "partial" interventions to the country's pension system. He said that it would be important if the 2016 budget law could include "the final reform of pensions". But he added that the measures contained so far were "selective and partial, creating asymmetries in treatment... if there are no corrections, they will lead to other partial measures which, among other things, are very costly". The 2016 budget of Premier Matteo Renzi's government seeks to fix some of the unwanted effects of a 2011 pension reform raising the retirement age passed by ex-premier Mario Monti's emergency technocrat administration. It contains a rescue package for 32,000 retirees who were left out of the national pension system on a technicality under the 2011 reform - the seventh intervention for the so-called "exiled ones".
It also features measures to help women take early retirement and to help workers go part-time after the age of 63.
But Renzi has that changes to add flexibility to the pension system to enable people close to retirement age to quit work, in exchange for accepting a lower pension, will not be ready until next year. "I'm ready to wrap it up within a few months, but I refuse to do it in a scrambled way," Renzi said last week. "I'm extremely concerned about the danger of making a mess, like in the past".
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