Tuesday, December 05, 2017

Italy Debating Changes to Law Raising Retirement Age

According to published reports, Italy is considering scaling back the "Fornero" law which set raises in Italy's retirement age. Specifically, political parties are promising to lower the state pension age, and the Italian Senate voted to exclude workers in certain sectors from planned rises in retirement age, which reaches 67 years in 2019. "The measure would exclude 10% of employees due to retire in 2019, including 14,600 workers in 15 different sectors such as nurses, teachers and employees of the building sector."

Source: Investments & Pensions Europe "Italy considers unwinding ‘Fornero’ law’s state pension age rise" (December 4, 2017)