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26.6 mn workers in 2023 - one mn more than in 2019 says INPS

26.6 mn workers in 2023 - one mn more than in 2019 says INPS

'Average retirement at 64.2 years risks creating imbalances'

ROME, 24 September 2024, 12:47

ANSA English Desk

ANSACheck
- ALL RIGHTS RESERVED

- ALL RIGHTS RESERVED

A total of 26.6 million workers with at least one week of contributions were registered with Italy's pensions and social security agency INPS in 2023, 1.08 million more than in 2019, according to the annual report released by the agency on Tuesday.
    The most significant increase was reported among private sector workers with open-ended contracts while the number of self-employed workers decreased, INPS said.
    The annual report also recorded an additional 540,000 workers who were born in non-EU countries.
    The average retirement age in Italy was 64.2 in 2023 and this risks creating imbalances for the pensions system, the report warned.
    "Eurostat forecasts for the EU concerning demographic trends suggest a worsening relation between pensioners and social security payers with growing risks of imbalances for pensions and social security systems, especially in countries like Italy where the expenditure is relatively high" in the sector, said the report.
   

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