Italy | Melbourne Mercer Global Pension Index : Melbourne Mercer Global Pension Index


Italy


Italy Flag Italy

 

 

Italy’s retirement income system comprises a notional defined contribution scheme for workers and a minimum means-tested social assistance benefit. Voluntary supplementary occupational schemes also exist but coverage is low but gradually increasing.

The overall index value for the Italian system could be increased by:

  • increasing coverage of employees in occupational pension schemes thereby increasing the level of contributions and assets
  • increasing the labour force participation rate at older ages as life expectancies rise
  • restricting the availability of benefits before retirement
  • reducing government debt as a percentage of GDP

RRF19921 MMGPI Report 0616 Chart WEB 1000x950 15 ITALY Italy

 Progressive Results:

Year

Overall

Adequacy

Sustainability

Integrity

2016 49.5  65.6 13.5 74.4
Italian index value fell from 50.9 in 2015 to  49.5 in 2016 due to a number of small changes
2015 50.9 68.4 12.1 77.4
The Italian index value increased from 49.6 in 2014 to 50.9 in 2015 primarily caused by an improvement in the integrity sub-index due to the availability of additional information.
2014 49.6 68.1 13.4 70.7
  New to the Index

Media 2016:

Media 2014:

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Link to Victorian Government (Victoria Online) the Mercer Australian website Australian Centre for Financial Studies