[ad_1]
Pensions: he Surveillance Committee Dell ‘INPS approved the Institute’s budget for the current year, focusing nevertheless on the sustainability theme.
In fact, there is a sentence that must be taken into account since it confronts the legislator with the problem of sustainability of INPS funds. On the other hand, what happened on the coronavirus front made necessary the intervention of the State, which recognized several help to support families. Welfare spending has increased and, at the same time, social security income has decreased as many people have you lost your job and others have been put in layoffs (We remind you that for these periods the notional contribution is paid by the INPS).
What is happening could have repercussions on the payment of pensions; It should be said that in recent months the Government has always denied the hypothesis that there may come a time when there are no more resources to pay pensions, however we cannot fail to ignore the warning that the Commission for the supervision of the Institute.
Pensions: INPS approves the budget with a loss of 26 billion
2020 will be a black year for the Italian economy with repercussions also for the public accounts. The health crisis caused by the spread of the coronavirus has forced the Government to pronounce in favor of important restrictions, such as the end of March, which meant the closure of several work activities and consequently a drop in INPS income.
In parallel there was a increase in social spendingAs bonuses have been recognized, the redundancy fund has been expanded and other income support measures have been introduced, such as emergency income. And not to mention the increase in spending on Citizen Income.
Such situation will have a significant impact on the INPS budget for 2020. In fact, at this time, the INPS Supervisory Committee has approved the budget for the current year with a 26 billion euro red.
A figure that for the moment should not alarm: pensions will be paid regularly.
But this should not be underestimated, so much so that the Committee has issued a warning to the legislator before the approval of new measures to support family income.
In detail, the report states that “The effect of the pandemic on the economic and social fabric of the country raises the issue of sustainability and the balance of the relationship between policyholders.“- which are slightly below for the reasons stated above – and”retired(Which are instead growing given the introduction of flexibility measures such as Quota 100).
A proportion, which today reached 1.25, of which the stability of the social security system depends. And hence the request to the legislator to take into account the current situation in order to approve the next one “regulatory and financial interventions”.
A request that seems to say: “Be careful or soon INPS accounts may not delayAlso because the certified loss is much higher than expected in the event that the pandemic had not exploded: initially, in fact, there was talk of a expected red of 6.4 billion, to which, however, another of 19.6 billion which, in fact, meant the aforementioned loss of 26,000 million. A growth of 400%, deterioration that inevitably affects the balance of the INPS against 32,073 million euros planned for 2020 is fell to 13,738 million.
And that is why the report asks the Government to have an attitude “timely and prudent“To guarantee”with certainty” me “Routine flows of pensions and social benefits, ordinary and extraordinary flows of social policies, labor policies and income support policies.”.
In short, despite the government’s assurances, it seems that a there is a pension problem. Not right away, but if this situation continues for months, and if the government does not take the necessary countermeasures, then there could be problems about it.
