Italy's social security chair warns on pension impact of border closure
Italy's social security chair warns on pension impact of border closure
The chairman of Istituto Nazionale della Previdenza Sociale (INPS), Italy’s social security agency, has said the country needs a steady inflow of immigrants to redress the imbalance between contributions and payouts within Italy’s pay-as-you-go first-pillar pension system.
Tito Boeri’s comments have drawn scorn from the country’s government, which has explicitly targeted a significant reduction of inflows and has closed ports to NGO vessels that rescue immigrants crossing the Mediterranean from the shores of Africa. Read More