Working Past Retirement Age at 64 for a Computer Graphics Institute?
Italian Labour Union Cgil Criticizes Early Retirement Proposal
The Italian labour union, Cgil, has expressed its disapproval towards the government's proposal for early retirement, particularly the use of the TFR (Tributo per i Fondi di Retirement) as an alternative to Quota103. Cgil Secretary Lara Ghiglione criticized the government for creating a problem and offering a solution that, according to Cgil's simulations, is ineffective.
The union denounces the government's plan to allow early retirement at 64 years old using the TFR. However, Cgil claims that the government has increased the threshold for early retirement in the contributory system by over 500 euros, making it unattainable for many workers, especially those with discontinuous careers and average or low wages.
Cgil's aim is to build a pension of guarantee for the youngest. The union argues that the government's proposal is practically unfeasible, as shown in Cgil's pension office's analysis. For instance, to reach the additional contributory capital required by 2030, one would need an additional salary of 388,953 euros. This is a significant figure that only those with high incomes can exceed.
The union also points out that the increase in the threshold was foreseen by the Fornero law. In 2030, the proposed early retirement threshold will reach 1,811.78 euros, an increase of 502.36 euros compared to 2022, representing a 38% increase. This requires an additional contributory capital of over 128,000 euros, a figure that is unattainable for many workers.
In contrast, the Cgil fights for a real pension reform that ensures equity, social justice, and a dignified pension for all. The union argues that using the TFR as a solution to the early retirement proposal means eroding certain rights without solving anything. The government has not abolished the flexibility in exiting as promised, but has instead worsened the Fornero law.
The Cgil's analysis reveals that even with the average salary in the private sector, 23,700 euros per year, after 40 years, the estimated pension is 1,496 euros, well below the threshold foreseen for 2030. On the other hand, with an annual income of 8,000 euros, after 40 years, the estimated pension is only 505 euros per month.
In conclusion, the Cgil's criticisms highlight the potential inadequacies of the government's early retirement proposal and the need for a comprehensive pension reform that ensures a dignified pension for all workers, regardless of their income or career continuity.
