(Tiper Stock Exchange) – No to privileges and pension annuities from the 70s, yes to the fight against precariousness and starvation wages, which affect tomorrow’s pension future today. This is the synthesis of the thought of Pasquale Tridico on two very important issues such as work and retirement, explained in the essay “Today’s work, tomorrow’s pension. Why the future of the country passes through INPS”, written together with the Corriere della Sera journalist Enrico Marro.
According to the President of INPS, the precariousness and low wages they are two plagues to fightbecause they mainly affect young people and determine their pension future, based on the equation that associates a poor work to one poor retirement. It is therefore necessary to bet on a improvement of the quantity and quality of employmentto avoid tomorrow having poor pensions and a mass of elderly people to assist.
The President of the social security institution also goes so far as to hypothesize that, with a minimum wage of 9 euros gross, the pension accrual of each could be the 10% higher and in any case it would not be a high pension, because for 30 years of work, the check would amount to 750 euroswhile it should work 40 years for 9 euros time to get one pension of 1-200-1,300 euros net per month.
For Tridico, today we still pay the price of baby pensions distributed in the 70s and 80s. In Italy today there are about 256,000 baby pensioners with one expense total which is around 102 billion and rises to 130 billion adding the checks in the meantime “deleted”. Indeed, the‘INPS disburses around 185,000 pensions baby for a annual expenditure of 2.9 billionof which 149 thousand paid to women, who have been using this treatment for 36 years on average.
Tridico also addressed the chapter work and active policiesstating that “our country produces too few jobs. It’s not a problem of rigidity, of kids who don’t want to work, of subsidies that make them stay on the sofa. For 30 years, the employment rate has been at 59%, equal to 23 million people”. The natural consequence of this context is that “we must not think that a reform is enough” of the labor market, why “We need investment”.
Providing a assist the RdCthe President of INPS states that “You don’t create jobs by removing subsidieswhich probably compete with undeclared work”, but one is needed “effort” on active policies, also in the South where there are employment rates from developing countries (30% against 70% in the North).