Monday, July 9, 2018
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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