Pension experts are "concerned"
about the government's latest budget, the head of major pension
organizations said Thursday.
Andrea Camporese, president of the association of private
pension funds (Adepp), told an ANSA forum that experts had seen
"a glimmer of hope" during pre-budget talks with government, but
those were dashed by this week's budget.
This week's budget boosts the capital-gains tax on profits
from pension funds to 20% as of January 1 from the current 11%.
Unless social programs are shored up now to ensure support
for future retirees, the outlook is bleak, he warned.
Today's young people will have only small pensions when
they retire in future because of current economic woes and poor
savings systems, said Camporese.
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