The Italian pension system needs a thorough overhaul to ensure its long-term sustainability. This is the message launched by the president of INPS, Gabriele Fava, in a recent interview with “La Stampa”. According to Fava, the future demographic picture of the country requires an urgent reflection on current pension policies and on the need to adapt them to the changes underway.
In 2050, it is expected that 35% of the Italian population will be composed of citizens over 65, a fact that will have significant repercussions on the welfare, social security, insurance and healthcare systems of the country. This growth of the elderly population, Fava explained, will significantly increase the economic burden on those who are of working age, that is, the age group between 15 and 64.
Fava stressed that one of the priorities for maintaining an adequate pension system is to broaden the contributory base. In other words, it is crucial to ensure that young workers have job opportunities that are not only well paid, but also covered by social security. “One of the main objectives of INPS in the coming years will be to involve the younger generations in the issue of social security,” the president declared.
Another key point Fava emphasized is the need to change the perception of the elderly in society. Rather than considering the over-65 population as a cost, Fava proposes to see it as a resource. In this perspective, he supports the development of the so-called “silver economy”, a sector that promotes economic activity related to the needs of the elderly and that could help support the social security system.
Fava also expressed his support for the idea of obligatorily allocating a portion of the severance pay (TFR) to complementary or open pension funds. This measure, according to the president of INPS, could represent an effective solution to increase the resources allocated to future pensions, guaranteeing greater economic security to workers at the end of their careers.
In conclusion, the President of INPS reiterated the need to rethink the Italian pension system, taking into account demographic challenges and the need to involve all age groups in building a sustainable pension future.
