Railway workers, postal workers and journalists, but also show business workers and secular clergy. Whether they refer to INPS or to autonomous funds, the minor managements of private employees have a common feature: the imbalance between collected contributions and paid pensions. But which categories produce the most serious deficits? What is the distortion related to, other than the old wage system? Are there cases where the income exceeds the expenses? Here is a brief ranking based on data from the 2015 report by Itinerari Previdenziali (full document attached in PDF).
FUND FOR RAILWAY EMPLOYEES: DEFICIT OF 4.225 MILLION
At the top of the ranking, and by detachment, we find railway employees, who have joined INPS for more than twenty years (although still a public subsidiary, Ferrovie dello Stato has been a private law company since 1992, when it was transformed into a joint stock company). The main feature of their management is the enormous imbalance between the number of taxpayers (50.533 in 2013, down from 53.608 in 2012 and from 57.133 in 2011) and that of pensions that are paid (228.590 in 2013, against 232 in 2012 and 234.400 in 2011). The deficit is therefore particularly large: a good 4.225 million euros in 2013, against expenditure of 4.896 million and income of 671 million.
FUND FOR POSTAL AND TELEPHONE EMPLOYEES (EX IPOST): DEFICIT OF 316 MILLION
Postal services also refer to the separate INPS management (the transition of Poste Italiane from a state body to a spa dates back to 1998). In this case, in 2013 contribution revenues reached 1.381 million euros, while expenditure reached 1.697 million, producing a deficit of 316 million, slightly higher than in 2012 (which was 306 million, with 1.324 million admissions and 1.630 million departures).
As for telephone calls, the INPS Open Doors Operation shows that 99% of the pensions paid this year to those who worked in the sector would be lower if the calculations were carried out using the contributory method: 32% of the amounts would drop by over 30%, while 55% of benefits would be reduced by 20-30% and another 30% of benefits would be reduced by between one and two thirds. Not only that: a manager who retired at the age of 61 in 2013 who in January 2015 collected 6.500 euros gross "receives a benefit of 1.900 euros higher than what he would have obtained with the contributory method".
CLERGY FUND: DEFICIT OF 70 MILLION
The Clergy Fund manages the social security of the secular clergy (made up of bishops, priests and deacons who live in the civil world, not being bound by any particular religious rule) and of the ministers of worship of religious denominations other than the Catholic. The report by Itinerari Previdenziali states that the Fund “presents a situation of structural imbalance, even if with a very limited weight in economic-financial terms within the framework of the entire 'sector'. The Fund is characterized by a low level of coverage by contribution revenues, equal to 32% of expenditure for pensions net of Gias”, i.e. the management of welfare interventions of INPS, which does not concern pensions. In 2013 the Fund had revenues of 33 million, against 103 million outgoings for pensions. The deficit was therefore 70 million.
INPGI (JOURNALISTS): DEFICIT OF 43,1 MILLION
As for the journalists, their autonomous pension fund presented a deficit of 2013 million in 43,1, against expenditure of 426,6 million and income of 383,5 million. The situation has slightly worsened compared to 2012, when revenues amounted to 383,1 million and expenditures to 408,6 million.
ENTERTAINMENT WORKERS (EX ENPALS): ACTIVE FOR 312 MILLION
The accounts of the former national social security and assistance institution for workers in the entertainment industry (Enpals), which since 2012 merged with INPS and manages two separate funds (the Entertainment Workers Pension Fund and the Professional Sports Pension Fund), are very different. In this case, the 2013 balance recorded assets of 320 million euros, with revenues of 1.178 million (an increase compared to 1.165 million in 2012) and outgoings of 858 million (from 847 in 2012).
Attachments: 2015 Report Social Security Itineraries.pdf
