Pensions, reimbursement (partial) one-off – BBC

public accounts

Milan , May 11, 2015 – 08:21

Stefania Tamburello

     
     
 

The uncertainty will last a few days yet. Within the week in fact – in all likelihood the Council of Ministers on Friday, the return of the economy minister Pier Carlo Padoan commitments abroad – the government will introduce a decree on pensions to satisfy the judgment of the Constitutional Court that canceled the block equalization of pensions the years 2012-2013.
“We will work to enforce the judgment is that the commitments towards the European partners”, explained the Treasury, with a solution “compatible with the policy objective of 2.6%” not to disrupt the budget plan already prepared. “If you were to totally restore indexing, Italy would find itself simultaneously violate the constraint of 3%, the structural adjustment and the rule of debt. The latter, who is starting to fall, will start again to rise, and the Commission would put us immediately in infringement proceedings, both for the deficit and for the debt. With very serious consequences for us, “said Padoan the Messenger.

The return of the non-equalization will then be “selective and partial ‘. The room for maneuver to avoid the arrows of Brussels – according to sources in the EU – in the recommendations on Wednesday put Italy under “monitoring” to understand the impact of the judgment, in this influencing the use of the flexibility requested by Italy – is narrow. The government, in order to respect the rule of debt, should keep the deficit-GDP ratio at 2.6% and then the paper would have only the “treasure” of 1.6 billion and spending cuts yet to be determined. Certainly it will not be refunded the full amount of the equalization, 14 billion net, and perhaps even half, if Italy wants to continue to have the budgetary flexibility to reforms.

Padoan will fall back, then, the same criteria indicated by the Advisory “progressive and temporary.” Refunds will be modulated according to the value of the check: will more who holds a lower income and less, gradually, those who have the highest. The percentages of return of equalization has not yet been decided, the technicians are still working, attentive to the overall picture of the accounts, but in total the state will pay a partial refund. Lump sum. Without imagining a future installment for the balance. The coordinate returned, referring to the 2012-2013 period, it will accumulate and will be based on the equalization of the following years.
Retirees interested then you will see revalued their checks not only for the past but also for the future. “We will take the income brackets for both arrears and for future treatments,” said Padoan.
Meanwhile the Secretary of the Treasury and civic leaders of Choice, Enrico Zanetti, “the gradation should be done not only on the basis of the amount of pension received but also the years of contributions,” he said, referring to the baby-pensioners.

May 11, 2015 | 08:21

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