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INPS: with inflation in 2022, an increase in pension expenditure of 24 billion

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(ANSA) – ROME, 11 JUL – The increase in inflation in 2022 with a rise in prices that could settle at 8% at the end of the year could weigh on the expenditure for INPS pensions in 2023 for 24 billion. The Institute’s technicians explained this by presenting the Annual Report.

The INPS also explained that on the basis of the data as of January 1, 2020 (therefore without calculating the shock of the pandemic and the war), the Institute’s balance sheet deficit could reach 92 billion in 2029. “There is no sustainability problem – they have explained – but there is a warning. Economic growth and productivity are needed for a balanced system “.

The Institute also stressed that with 30 years of contributions paid and a gross salary of 9 euros per hour, a worker could have a pension at the age of 65 of around 750 euros. The calculation comes by assuming the future social security of generation X (those born between 1965 and 1980) underlining that the youngest will have to work on average three years longer than the oldest. “If the subject received 9 euros per hour for their entire active life, it is estimated that the pension amount – it reads – is around 750 euros per month (at current prices), a value higher than the minimum treatment, equal to 524 euro per month for 2022. (ANSA).

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Source: Ansa

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