With a salary of 40,000 euros per
year and a retributive pension until 2011 and then a
contributive one, retiring at age 62 with 38 years of
contributions will mean getting about 30,000 euros per year.
If this option is chosen instead of at 67 as provided for
starting in 2019 for old-age pensions - with contributions paid
- this will mean a loss of 500 euros, or 21% compared with if
the retirees had worked an extra 5 years.
The calculation was by Italian social security agency INPS
chief Tito Boeri, who that those who leave work five years early
will receive - with a pension of 30,000 euros per year - about
150,000 euros in five years and will not pay contributions.
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