Renzi's 'baby bonus' single payment

(ANSA) - Rome, October 22 - Premier Matteo Renzi's new 'baby bonus' for children under three will be dispersed as a single payment of at least 900 euros annually beginning in 2015, rather than 80 euros monthly like other tax bonuses, according to detailed budget information released Wednesday. The measure will apply to families with an income under 30,000 euros annually. As well, the documents show a plan to encouraging hiring would give employers a benefits break of 8,600 euros rather than earlier estimates of 6,200 euros on jobs lasting at least three years.