Additional cost of 0.2% of GDP a year says RGS

Quota 100 pension reform could cost 63bn

Quota 100 pension reform could cost 63bn

Quota 100 pension reform could cost 63bn

Quota 100 pension reform could cost 63bn

Quota 100 pension reform could cost 63bn
Quota 100 pension reform could cost 63bn
  • 2019-09-11 13:50:10 9 days ago
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(ANSA) - Rome, September 11 - The quota 100 pension reform could cost the State up to 63 billion euros in additional expenditure in the 2019-2036 period, according to a study by the State accountants office (RGS). It said the cost of the reform will be around 0.2% of GDP a year.
    The quota 100 pension reform makes it possible for some people to retire at 62 if they have 38 years of social-security contributions.
    The reform, allowing some people to retire earlier, was passed by the previous government formed by the League and the 5-Star Movement (M5S). It was a key manifesto pledge of the anti-migrant Euroskeptic League party. League leader Matteo Salvini pulled the plug on its alliance with the M5S on August 8 and the M5S has now set up another government with the centre-left Democratic Party (PD) and a tiny leftwing group, Free and Equal (LeU). Labour Minister Nunzia Catalfo, an M5S member, has ruled out scrapping the reform but said it could be "improved".
   

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Quota 100 pension reform could cost 63bn

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