Change Fornero: retire earlier and exit at 62 – The Messenger

As always Matteo Renzi used an effective image. Far out of work a few years before the grandmothers to help out their grandchildren.

“If a woman 62 years prefers to stay with his grandson giving up 20-30 euro but maybe saving babysitting” – said the Chairman of the Board – then “we must find the ways in which, always with attention to money, you can allow this grandmother to go and enjoy the grandchildren.”

The substance is that Palazzo Chigi is preparing to review the rules of the law Fornero, introducing what is technically called “flexibility” in output. The debate is open for some time, since the pension reform of the Monti government with the sudden rise in the retirement age to 66 years and 3 months, dismissed for many workers the prospect output creating the phenomenon of esodati, people left without pay and without even a chance to cash the check pension. On the table of the government there are different proposals. Even INPS, the Social Security Institution led by Tito Boeri, it is developing a which will be ready in a few weeks. But, in the words of Renzi, one thing seems well-founded: the early withdrawal could take place in 62 years. It is not a random indication.

PROPOSALS
 In parliament they lie various legislative proposals, many of which, like the one signed by the President of the Commission work Cesare Damiano and current Economy Undersecretary Pier Paolo Baretta, provide flexibility in output between 62 and 66 years. Obviously at 66 years it would take a full pension, while for every year in advance there would be a cut of 2% of the check. It means that in 62 years we could retire with a pension lower than 8%. The problem with this proposal is the cost. According to the authors, the project would cost only € 4 billion on 80 billion which, according to the State Accounting Law Fornero saves with his lengthening age. According to the INPS, however, output in 62 years would cost 45 billion Euros. But for the government the proposal Damiano-Baretta could be only a starting point.

The penalty mechanisms may be different. It would act on the “pay” of the check, that that is not related to contributions made it to the last salary received. This way you would face even the stresses of Boeri. The president of INPS long calls pensions least higher ones, are calculated fully with the contribution method. This possibility, to be honest, is also provided by the same law that Fornero, until the end of this year, makes it possible for women to leave work early but accepting a calculation of their pension check only on the basis of contributions paid .

In this case the cutting board range from 25% to 35%, which is why a few have chosen to use them. This way, in short, would be more sustainable from a financial point of view, but unattractive to the extent of cutting the pension allowance would suffer. Then there is a third option on the carpet, which had worked the former labor minister Enrico Giovannini: the pension loan. A mechanism which plans to leave the job by getting an advance of retirement to return over time in installments.