ITALY - The retirement age can be raised as long as the complementary pensions sector is launched immediately, said Pier Paolo Baretta, secretary general, CISL, Italian Confederation of Workers' Trade Unions.
When labour minister Cesare Damiano spoke of raising the retirement age, Baretta said this would depend on the launch of the complementary pension sector.
He noted the introduction of complementary pensions will give the younger generation a clear sign regarding their future retirement provision.
Baretta said the rise of the retirement age could be carried out as long as the pensions conversion coefficient remained untouched. He noted this would mean the consistency of pensions was not altered.
Finally, the union’s secretary general stressed the ultimate choice of when to leave employment must be left in the employees’ hands.
These three conditions will help avoid dangerous consequences, Baretta concluded.
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