Sabato, 17 Novembre 2018

Scrapping Fornero law wd cost 85 bn - Boeri (3)


Rome, February 13 - Tito Boeri, the head of pensions
and social security agency INPS, on Tuesday said it would cost
85 billion euros to scrap the 2011 Fornero pension reform.
Restoring pension and retirement terms and conditions before
the law, named after then labour minister Elsa Fornero, would
initially cost 14 billion euros a year and then, once it was
bedded in, 20 billion a year.
The "implicit social-security debt", he said, would be equal
to five points of GDP, that is about 85 billion euros.
Several parties have vowed to scrap the law in the March 4
general-election campaign, most notably the rightist populist

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