The House budget committee on
Wednesday approved an amendment to the government's 2015 budget
bill capping so-called golden or high-end pensions as of January
1 next year.
Italy reportedly shells out approximately 3.3 billion euros
a year to some 33,000 recipients of golden pensions, which can
amount to upwards of 90,000 euros a year or 7,500 euros a month
gross.
In contrast, as many as 6.8 million pensioners have to
survive on pre-tax pensions of less than 1,000 euro a
month, of which two million live on less than 500 euro monthly,
Italy's INPS pension agency disclosed in July this year.
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