Pension reform: this very expensive clause in the Italian style

Figaro

In the framework of the iron arm, which is installed between the government and the trade unions on pensions, the clause "Italian" is relentlessly on the mat. Moreover, this is also that the government has released, in the face of the strike, the agents of the SNCF and the RATP. This clause at the Italian is to count the number of points already accumulated by the agents to the generations from 1975 to 2004, not in the last 6 months before the switch to the new scheme of pensions, but by extrapolating the amount of the remuneration of the end of their career.

see also : pension Reform: pay attention to the final invoice.

This preserves, in large part, in fact, the advantage related to the method of calculation most favorable to the pensions of staff benefiting from the special schemes of public transport undertakings. Now, the public-sector unions hope to get the same thing for the agents of the State, hospitals and communities, even as the government is already committed to increase the remuneration, including teachers, in the coming years to compensate for the loss of pension. This will cost already to the term of fifteen billion euros.

But be careful, if the cost of the clause "Italian style" amounted to a hundred million euros for workers in public transport, this measure would cost much more expensive - it would be in the billions - if it was applied to officers of the three public functions, the status of civil servants, excluding the military.

An extra annual average of € 5 billion in 2038 to the year 2086

On the generation born in 1975, they would be 180.000 officers concerned. On the generation born in 2000, they would be around 22,000. In total, more than 1.5 million agents. If we accept an increase in the out-premium that compensates for inflation, an average inflation rate of 1.5% per year from 2015 to 2063, a starting age to 63 years in average, then we can quantify the extra cost of the adoption of this clause to the Italian: in the case of adoption, it would create an extra annual average of € 5 billion in 2038 to the year 2086. The maximum being reached in 2058 with 9.5 billion euros of additional cost for the year.

This measure would produce its negative effects on the public finances from 2037-2038, when the generation of 1975 will assert its rights, and would extend over 11 presidential terms.

see also : Pensions: the executive is willing to sweeten the purposes of career of the civil servants

It does not appear that in Italy a clause of this kind was used at the time of the reforms of pensions to extrapolate the rights to pension on a hypothetical the end of their career. Surprisingly, moreover, when we speak of "clause in the Italian style" to apply to employees of the private sector, it is no longer the question to extrapolate their pension rights at the end of a career but rather to calculate their rights on the 12 or 10 best years of contribution... For a much lower cost, or even zero. Two weights, two measures. And a cost is colossal. Where the note of the vigilance of the Macronomètre with 3/10. With this clause to the Italian one recreates to career identical - differences in pensions are significant between public and private.