Retirement is increasingly a chimera for young people: those under 35 will work until they are 74


By John

«The crescent job insecurity and job discontinuity, associated with low wages and lack of social guarantees, particularly affects young people and women, making their path to entry into the labor market, contractual stability and wage levels more difficult». He affirmed it, on the occasion of the presentation of the research «Contributory situation and pension future of young people», carried out by National Youth Council together with Eures, the president of the Cng, Maria Cristina Pisani, who expressed “the need for a more in-depth debate on social security issues, which also takes into account the needs of the younger generations”.

«All of this has a significant impact on the future pension situation of young people»Pisani underlined. «The demographic issue and the transition to the ‘contributory pure’ system further jeopardize the sustainability of our pension system. This trend requires citizens to work longer to receive less generous pensions than in previous generations.” According to the Eures analysis, continues the president of the National Youth Council “the combination of job discontinuity and low wages for workers under 35 it will lead to a retirement from work only for old age, with pension amounts close to that of a social allowance, a situation that will be socially unsustainable”.

These are the original projections on the value of pensions expected in the coming decades for employees who are now under 35 years old: if the stay were to last until 2057, thus determining a retirement almost at 74 years old (73.6), the the amount of the pension allowance would amount to 1,577 euros gross per month (1,099 net of Irpef), a value which is equivalent to 3.1 times the amount of the social allowance. For workers with a VAT number (always with a stay until 2057 and a withdrawal at 73.6 years) the amount of the pension check would amount to 1,650 gross euros per month (1,128 net of Irpef), a value which is equivalent to 3, 3 times the amount of the social allowance. “An estimate – adds Alessandro Fortuna, councilor of the Presidency with responsibility for employment and social security policies – which highlights the serious distortion of the pension system, as currently defined, which not only projects income inequalities over time, renouncing any redistributive dimension, but it even turns out to be punitive towards workers with lower incomes, forced to remain in the labor market (apart from contributions) for three or even six years longer than their peers with higher incomes and with greater job stability”. .