(ANSA) - Rome, December 15 - State welfare agency INPS had
accumulated a total of nearly 95 billion euros in
social-security contribution credits by the end of September,
INPS President Tito Boeri said in a parliamentary hearing
Tuesday.
This compared to credits of 87 billion euros at the end of
2014, Boeri added.
Over half of the total credits registered at the end of
September were accumulated during the economic crisis.
The INPS president also called on the government to leave
the ceiling on cash transactions at the current 1,000 euros for
pension payments.
Government plans to raise the ceiling to 3,000 euros for
all cash transactions are under discussion in the 2016 budget
bill, which must be approved by parliament by the end of the
year.
INPS registers 95 bn euros in social security credits
Cash ceiling on pensions payments must stay, president says