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


Italy


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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; however 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

 

 Progressive Results:

Year

Overall

Adequacy

Sustainability

Integrity

2017 50.8  66.2 16.4 74.3
  The Italian index value increased 49.5 in 2016 to 50.8 in 2017 primarily due to the inclusion of the new economic growth question in the sustainability sub-index.
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