“It needs a third pillar of security, the real problem is work”

ROMA (ITALPRESS) – “The demographic winter is the great question of the next twenty years. For young people there is the risk of having low pensions only if their career is poor and discontinuous. This is why we need a decided paradigm shift. I mean, you don’t always have to start with security, but work, because it’s from work that starts everything and triggers that virtuous circle that serves young people. For the sustainability of the system we must focus on employment, productivity and contrast to the submerged.” Thus the president of the Inps, Gabriele Fava, in an interview with the Corriere della Sera. “We must increase youth and female employment, a priority for the country’s social estate. But the growth of employment must also be regular and of quality, so the Inps has made the contrast to the submerged, which every year results in about 10 billion unpaid contributions, a priority,” he explains.

“I believe that, always with a view to a preventive approach to problems, we must begin to think about a third pillar of security,” says Fava. “The first one, which remains fundamental, is that of compulsory retirement, pensions Inps. The second is that of supplementary pension to capitalization, where however the rates of membership are still low, particularly among young people. The third, however, is all to be created: it should still be capitalized and centered on social savings since birth. One could think of a book of savings to the bearer, a sort of social security fund, initially fed with a contribution of the state to birth, and then by parents and grandparents, to make sure that when the person comes to the labour market already has a capital that can continue to increase until the time of retirement,” he explains. “Inps is ready to cooperate, I am convinced that a third pillar can help young people’s security,” says Fava.

-Photo IPA Agency-
(ITALPRESS).

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