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Pensions, Accounting alarm on the No to 67 years

Faced with electoral attempts to stop raising the retirement age in relation to the increase in life expectancy, the State General Accounting Office makes its voice heard and warns that the social security system risks no longer being sustainable

Pensions, Accounting alarm on the No to 67 years

In the face of electoral maneuvers on pensions, the State General Accounting Office makes its voice heard and warns that there is a risk of endangering the sustainability of the entire social security system.

The reference concerns in particular the stop, invoked by the unions and devised by the presidents of the Labor Commissions of the Senate (Maurizio Sacconi, centre-right) and of the Chamber (Cesare Damiano, centre-left), to the automatic raising of the retirement age to 67 in relation to the increase in life expectancy and lengthening of life expectancy.

“The process of raising the minimum requirements and the relative automatic adjustment mechanism” of the retirement age – warns the Accounting Office – are “fundamental parameters for evaluating pension systems, especially in countries with high public debt such as Italy.

The requirement for old-age pensions "would be adjusted to 67 years in 2021" but limiting the automatisms would make the entire pension system weaker and expose it both to the risk of political discretion and to that of financial unsustainability with dangers for the stability of the Village. An alarm that politicians and trade unions would do well to listen to.

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