The effective mandatory contribution
rate for pensions in Italy was 33% of the average wage in 2022,
the highest level in the OECD, the Paris-based organization said
in its latest Pensions at a Glance report on Wednesday.
That is well above the OECD average of 18.2%, it said.
It said many of the countries with high contribution rates, such
as Italy and France, had opted to go this way to deliver
above-average pension benefits.
"However, in addition higher mandatory contribution rates might
hurt the competitiveness of the economy, and lower total
employment while potentially increasing informality," the report
said.
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