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Pensions: the leader of the League – Matteo salvini – During these days of an electoral tour in Italy, with a view to the regional elections of September 20 and 21, he repeatedly reiterated that there is concrete possibility of a “return of the Fornero Law”.
We have already explained how in reality the Fornero Law has never been eliminated; single Quota 100, which has obtained results in these two years satisfying but not excitingIn fact, it is not enough to be able to say that we have approved the reform of 2011. Also because it is good to remember that Quota 100 is a temporary measure that will cease to exist -except for an extension that to date is unlikely- from 1 January 2022.
In recent days, however, the League leader has added that it is the European Union to ask us for a “back to the Fornero Law“. Words that have alarmed workers, concerned about the possibility that the imposition of one could come from Europe new reform of “tears and blood” like the one implemented in 2011 by the Monti government.
The risk, in fact, is not so much that of a return to Fornero, since the Italian pension scheme is still based on what was decided in 2011, as much as on what may exist. one more squeeze for the requirements of access to the pension. A general concern that, however, to date, does not seem to have supporting elements.
Pensions, newsflash: no signs of a new “Fornero Law”
Obviously when we talk about “new Fornero LawWe refer to a reform that covers what was carried out in 2011, with a new elongation of requirements for access to retirement, and not for Elsa Fornero’s return to politics.
A risk that according to Salvini is concrete given that the European Union will take advantage of the agreement reached for the Recovery Fund of force italy to implement a new pension reform which could reduce social security spending. Spend that – as confirmed by INPS – amounts to approximately 14% of GDP.
But how much truth is there in all this? There are two concrete aspects: the first is what the European Union will really have control over Italy with respect to how they will be used the resources that come with the Recovery Fund.
The second is that the European Union has long been asking the different countries to contain social security expenses as much as possible, especially in light of what will happen in the coming years when the aging of the population will have a negative impact on pensions.
However, this does not mean that the European Union can force Italy to implement a new “blood and tears” pension reform, or that it intends to do so. Simply, the EU will have the opportunity to to prevent that among the investments made with the Recovery Fund there may be measures aimed at facilitating access to retirement that may lead to a greater increase in social security spending.
Fornero without risk for pensions: what to expect then?
its what should we expect from pensions We will have to wait until next week, when the discussion between the Ministry of Labor and the unions on the measures to be adopted in the field of social security resumes.
We will only talk about really achievable objectives: for example, for the increase in pensions there should be a green light since this will happen through a reduction of taxes in which the Government is already working with the reform of personal income tax rates.
Another objective, on which it will not be easy to reach an agreement, is the one that aims to identify a flexibility measure that can replace Quota 100 when this is due. It will not be easy because the Government will not be able to implement a measure that increases pension spending: therefore, hypotheses such as retirement at 62 the Quote 41 for everyone can only materialize by anticipating some penalties on the check for those who anticipate leaving work.
