Martedì, 25 Settembre 2018

Solution proposed for covering Italy's retirees 'in limbo'


Rome, November 12 - Italian parliament members
presented to the House Budget Commission on Monday a way to
cover retirees bereft of their pensions by reforms passed in
The speakers proposed an amendment to the so-called
Stability Law, a budget-reform bill currently under discussion
in Italian parliament, which has received the approval of the
State accounts department.
The State accounts department tossed out a bipartisan bill
to tackle the same problem in September, on grounds that it did
not have sufficient financial cover and potentially compromised
ongoing labour reforms.
Nine billion euros have been allocated to resolve the
The amendment would, among other provisions, set up a sort
of 'self-insurance' financed by savings generated through
efforts to get the retirees back to work.
Last June, the Italian pension agency INPS said 390,200
retired workers were left without a pension due to austerity
downsizing measures last year.
These so-called 'esodati', or 'exiled', are ex-employees
who accepted severance packages ahead of retirement in order to
help companies downsize but have not received their benefits.
Furthermore, they are ineligible to receive a pension as
they opted to quit before the minimum retirement age, which was
raised at the start of the year.

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