WORLD WORLDWIDE EUROPE ITALY - news journal UPDATE - (en) Italy, FAI, Umanita Nova #39/24: Meloni attacks pensions (ca, de, it, pt, tr)[machine translation]

 Reducing the calculation coefficients lowers the amount of the pension

check
https://umanitanova.org/wp-content/uploads/2024/12/pensioni_1-840x480.jpg
When we wrote months ago that the Meloni Government would have failed to
meet all its electoral commitments regarding pensions, moving not only
within the scope of the Fornero law but even worsening it, we took
several offenses, not least that of being biased and not objective. ----
Instead, we should bring facts to the singers of the right-wing
government, the example of a 67-year-old worker who retires with a CUD
of 30,000 euros and an accumulated contribution amount of over 283
thousand euros is enough.

For the purposes of the pension check, given that the contributions paid
will certainly not return to the pockets of the worker, the revaluation
coefficient applies. Well, the budget maneuver lowers the coefficient
and if before, with the same number of years paid, he would have
received 1250 euros per month with the new coefficient instead, in
2025-2026, he will receive a check of 1,225 euros, with a loss of 25
euros per month for thirteen annual monthly payments.

Let the classic "servant's account" be enough to refresh our memory
without forgetting the progressive increase in the retirement age and
the voluntary exit from work for the Public Administration which brings
the retirement age to 70 years.

The increase in life expectancy, assuming that the trend is not
reversed, determines the increase in years worked, the delay of
retirement but also the future reduction of pension benefits.

In fact they push the workforce to delay leaving work due to the strong
inequality between the amount of the paycheck and the future check;
furthermore, today we discover that the budget maneuver introduces
coefficients to further reduce pension costs.

For decades, the novel of the contributory system as an expression of
fairness has served to impose a calculation system that is advantageous
for state coffers, today we discover new interventions to further reduce
a check that if calculated with the old system (in relation to the wages
of recent years) would be higher.

Before the reform of the nineties, calculating the future pension was
very simple: it was enough to look at the contributions paid, the amount
of the salary and the rate of return equal to 2 percent per year. To
calculate the pension, a simple operation was therefore sufficient:

2% of EUR 30,000 (hypothesis of average annual income) x 40 (hypothesis
of contributory seniority) = EUR 24,000

Subsequent systems have become increasingly complex and convoluted to
ultimately produce only one result: increasing the retirement age and
reducing the amount of the social security check.

And on the downward coefficients of the Government, with a reduction in
the pension check, we borrow, we hope they don't want to take it
personally, the explanatory scheme of the Cgil study center just to
confirm that they have only made promises to the electorate that were
never fulfilled and, again to use a proverb, lies have short legs.

Federico Giusti

https://umanitanova.org/la-meloni-attacca-le-pensioni/
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