Photo: Martin Meissner / AP
Italian President Sergio Mattarella has signed the law on the conduct of the country’s pension reform, the Agency reports ANSA.
The bill was passed by Parliament in mid-January. According to him, the pension system, Italy introduced “quota 100”. This means that the period of retirement will now be determined by the formula: age of the citizen plus his seniority. In sum, these two measures should give the result 100.
It is noted that the minimum age of retirement is 62 years, in this case, the experience should be not less than 38 years. According to former rules, the majority of Italians can retire at 67 years old.
The law also provides for the introduction of social payments to the poor in the amount of 780 euros per month. The Agency emphasizes that they should not be considered unqualified (or basic) income — we are talking about an additional measure of social support of the population with counterparts in other countries of Europe.
Deputy Prime Minister, Minister of labour and social policies Luigi di Maio called the adoption of the law step in to building in Italy “the welfare state”.
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