Monday, November 2, 2015

Boers (INPS) on Pensions: cut up to 12% share over 80 thousand euro – BBC



Milan , Nov. 2, 2015 – 07:55

     
     
 

ROME Cut” up to 50%, “the annuities of politicians, when” pass the share of 80-85 thousand euro gross per year. ” Also cut pensions ‘normal’ when they go beyond the threshold of 80,000 euro. But with a scissor kick less heavy, up to 12%, and only if they are “justified” by the contributions paid over a lifetime.
The proposals of President Tito Boeri INPS were presented at Palazzo Chigi in June. After long deliberation they did not enter in the bill of stability. But the government said that discuss this issue again next year and the ideas of Boeri will be back on the table. In theory are still reserved, in essence are these.

Of annuities politicians spoke the same Boeri on television, interviewed Sunday by Lucia Annunziata for the program in half an hour Raitre. The cut would be progressive: the higher the annuity higher the percentage of cutting. But the operation is more symbolic than substantive: the savings would be minimal. The bulk would come from cutting the higher pensions of workers ‘normal’. Also in this case the scissor kick would be progressive. It may be accompanied, for some categories, a review of the so-called coefficient of transformation, the formula used for calculating the pension from the contributions paid. A downward revision, of course, which would lower the amount of some other checks, generating savings for the state. This, on TV, Boeri spoke only in general terms. Saying there are “leaders of companies, staff of the State Railways” and others who “have had treatments with respect, especially compared to when to retire.” Around “a small audience, about 200 thousand people.” Interventions like this, in the past, have been rejected by the Constitutional Court because it violated the principle of so-called acquired rights, namely the covenant between citizens and state that is closed at retirement. There would be the same risk this time, all the more so given that the proposals would not have run for a few years but would be stable? Under the proposal Boeri not, because all the savings would be allocated to the same pension system. The money saved would finance the famous flexibility in output, ie early retirement with the obligation to accept a check for lower than normal. The reduction would amount to 3% per year ahead of the limits set by law Fornero. The mechanism, however, would not be used by those with a low pension, under the 15/20 thousand euro gross per year. This is to prevent that the flexibility ends up generating new situations of poverty.

The money saved with interventions on pensions highest tax would then go three more interventions. The first is to make less expensive the reunion of the contributions, for those who have paid in different cases. The second is to reintroduce the supplement, deleted from the old Dini reform, that is adding money from the state to get the check in 500 € even when the contributions are not enough. The third intervention, linked to the reform of the care sector, is the creation of a minimum income for those over 55 who remain jobless.
An organic design, in short. And that’s why yesterday Boer reiterated on television that “our idea is that needs to be made a final pension reform.” It stuck, however, on one of the few chapters entered into the bill of stability, namely esodati, workers at risk of becoming no salary and no pension. There will be stability in the seventh safeguard, namely a new intervention to allow some of them to retire under the old rules: “Do not think that the issue – said Boeri – has been fully resolved because it was addressed in a way that why risk having a trail. Already there are strong pressures for a eighth safeguard. ” The bill Stability relates 31,000 esodati, for trade unions to help those are 50,000. Experience tells us that so far has not only expanded the number of people involved. But also the links of the intervention, that the same criteria that define the category of esodati.

2 November 2015 (amendment November 2, 2015 | 8:07)

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