Quota 100, abolish it "costs" (and we return to talk about adjusting the requirements for pensions)

Remove Share 100 it is possible, but on the balance of costs and benefits an important "voice" must be weighed: the cost in terms of credibility. As the Minister of the Economy Gualtieri wrote in his letter to the European Commission, Italy could be "damaged by the continuous changes in pension rules".

External credibility but also respect for citizens who should deal with the new regulations.

As further explains l'Observatory of Italian Public Accounts of the Catholic university, the present savings from one early termination of the Quota 100 trial would lead to cash savings not as disruptive as initially hypothesized. It is indeed necessary to take into account taking into account some variables.

If it is known that the requests to access the pension slip have been less than expected thanks to the rules of quota 100, in fact the treasure derived from the savings has already been put into the budget.

As of September 30, 2019 they were 185 thousand applications actually forwarded to INPS to ask for the early retirement with Quota 100:

The prudential estimates of the technical report assumed 269,000 more retirees at the end of 2019. Assuming the rate of rejection is constant, as the decline in requests exhausted the "ultra-100" pool, according to the calculations of the observatory led by Carlo Cottarelli is It is likely that the savings are around 2.5-3 billion in savings in 2020.

If the experimentation of Quota 100 were to be interrupted prematurely, the savings would not exceed one billion euros, gross. Net of taxation, the gap would range from 425 to 850 million net, but according to the observatory the savings would be closer to the lower limit.

Is it therefore worth "earning" half a million a year at the cost of losing the credibility of the pension system? The answer to this question is essentially political.

However the numbers give us the opportunity to compare the reform of Quota 100 with another provision contained in the so-called Decretone.

The government has indeed blocked theadjustment of the requirements for access to early retirement due to changes in life expectancy until 2026.

As reported in the Observatory Table, this intervention currently has a cost well below "Quota 100" but its annual cost is destined to grow over the years and, while the experimentation of "Quota 100" should be concluded at the end of 2021.

Now many Italians would like to have at least the possibility of doing calculations to understand how much remains for them to be able to then enjoy their retirement, without having to keep their fingers crossed each year to understand what the government's intentions are.

Suffice it to recall that the suspension of 100 would produce an abrupt effect for many workers: in fact, a dry staircase of 5-6 years will be created between those who will be able to use the social security slide until December and who, from January will be out of the benefit granted from the "decretone".

Pensions, the illness of the system: after the "baby" the Quota 100 bomb on the accounts