Red of 9,9 billion for INPS in 2013, largely due, according to what emerges from the institution's annual report presented by the "pro tempore" commissioner Vittorio Conti to the Chamber, to the merger with theInpdap, the former pension fund for civil servants.
However, Conti points out that the net worth of the national pension institution is instead equal to 7,5 billion (preliminary data), a value that would improve taking into account the stability law. On the basis of this assumption, therefore, according to the rapporteur, the "sustainability of the pension system" is not at risk. Statement that does not erase the fact that the institution's overall gross expenditure increased last year from 261,5 to 266,9 billion, with an increase of 2,1% compared to 2012: pensions paid were 1,1 million , 54% are social security services (596.675) while the remaining 46% are welfare services (514.142). And so the ratio between pension expenditure and GDP, which started from around 14% before the crisis, is currently at 16,3%, but according to Conti "it would have reached over 18% without the recent reforms, thanks to which to 13,9 in 2060?.
