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Pensions, Bank of Italy: "There is no turning back"

The deputy general manager in a hearing in the Senate: "Maintaining, preserving and defending the balance obtained with past pension reforms is an absolute priority. However, this does not mean that there cannot be adjustments in individual cases"

Pensions, Bank of Italy: "There is no turning back"

More barricades on pensions. "It is important not to take steps backwards" on the reforms of recent years: said the deputy general manager of the Bank of Italy, Luigi Federico Signorini, during a hearing on the maneuver in the Senate, emphasizing that "in the long term, the sustainability of public finances rests to a large extent on the pension reforms introduced in the past, which ensure manageable spending dynamics despite the aging of the population”.

The reference is to the request of the trade unions, which finds broad consensus in Parliament, to block the automatic adjustment of the retirement age to the life expectancy calculated by Istat. The mechanism, introduced by the last Berlusconi government and confirmed by the Fornero reform, will raise the bar to 67 from 2019.

On pensions “it is important not to go backwards. Maintaining, preserving and defending the balance obtained with the pension reforms of the past is an absolute priority - continued Signorini - However this does not mean that there cannot be adjustments in individual cases: the important thing is to maintain the sustainability of the entire system ”.

The president of the Court of Auditors, Arturo Martucci di Scarfizzi, along the same lines, who again in a hearing at Palazzo Madama underlined the need to protect "the basic balance of public finance" and to limit the audience of recipients of possible interventions only "to situations of effective hardship”, with the aim of “minimizing the obvious effects of fragmentation that” the interventions “end up producing”. The president of the accounting judges also asks for the adjustments to be articulated "as clearly as possible to facilitate their rapid implementation".

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