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State pension spending at 347 bn in 2023

INPS reports a rise of 7.7%

Redazione Ansa

(ANSA) - ROME, OCT 24 - Italy's spending on State pensions rose by 7.7 % for an annual total of 347 billion euros in 2023, pensions-and-social-security agency INPS said on Thursday.
    Services provided by the Italian pension system at the end of 2023 were 22,919,888, the agency reported.
    In its observatory on pensions and beneficiaries, the agency noted that, compared to 2022, the number of services increased by 0.6% while the total value grew by 7.7% with the figure mainly connected to inflation.
    Pensioners were 16,230,157 (+0.6%) with an average income of 21,382 euros a year.
    The average annual income from pensions for men was 35% higher than that of women (24,671 against 18,291 euros), said INPS.
    (ANSA).
   

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