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Pensions, INPS alarm: "The dependency of the elderly is growing, there is a risk of imbalances"

According to the Civ Inps, social security spending is stable but the estimates relating to the trend in fertility, life expectancy and migratory flows predict an increase in the dependency ratio between young and old "and a worsening of the ratio between pensioners and contributors, with evident risks for the balance of the social security system

Pensions, INPS alarm: "The dependency of the elderly is growing, there is a risk of imbalances"

Estimates on fertility trends, life expectancy and migration flows suggest a increasing dependency ratio between young and old “and a worsening of the ratio between pensioners and taxpayers, with obvious risks to the balance of the social security system, especially in the presence of inherently high levels of social security expenditure". This is stated in the report The nature of INPS income and expenditure in relation to the social security and welfare dimension of benefits about the social security situation in Europe. According to the first part of the study edited by the Central Directorate of Studies and Research of the institute, the ratio between subjects over 64 and subjects between the ages of 20 and 64 in the EU in 2022 was equal to 36% with the highest values ​​recorded in Italy (41%) and Portugal (41,2%). Obviously, in the case of imbalances the State intervenes with transfers to the INPS as has always happened up to now.

Social security spending stable, assistance increases

The same report also states that between 2023 and 2023, INPS contribution revenues grew by 28%, while transfers to the Institute deriving from general taxation, Gias (Management of welfare interventions), increased by 65,8%, in particular to support the new social benefits. According to the CIV (INPS Steering and Supervisory Council), in ten years social security expenditure in real terms has remained substantially stable while "the the relationship between contribution revenue and transfers from general taxation has changed, significantly increasing the weight of the latter".

In 2023, transfers from the State to Gias amounted to 164.724 million, with a growth of 65,8 compared to the 99.396 of 2013. Contribution revenues in 2023 reached 269.152 million, with a growth of 28,08% compared to ten years earlier.

The majority of state transfers – explains the Civ – are intended to support pension measures (56,6%), for the welfare component (such as supplements to the lowest pensions, pensions and social and disability benefits) but also to co-finance the various social security managements. The rest of the transfers are used for interventions to support income, for social inclusion, for the family and for tax relief. Furthermore, the research shows – underlines the Civ – that a part of the expenditure, not strictly “welfare”, is supported by portions of government transfers.

The CIV supports the need for the opening of "a careful reflection on the issues of social and economic sustainability of the system, capable of combining the ability to respond to new social needs with a consequent and coherent resource policy".

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