The government's proposed
overhaul of the pension system, which will effectively bring
down the retirement age, risks adding around 100 billion euros
to Italy's public debt, Tito Boeri, the head of social security
and pensions agency INPS, said Thursday.
The pension reform proposed by the M5S-League government,
which would allow workers to retire when the sum of their age
and number of years of pension contributions reaches 100, the
so-called '100 quota', would lead to an "increase of the
pensions' debt destined to weigh on future generations totalling
100 billion" euros, Boeri told the Lower House's labour
commission.
This system would make possible for a person to retire as
early as 62, if they have 38 years of contributions.
"We cannot refrain from sounding the alarm", the INPS chief
added.
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