Italy: Finance law to include pensions and employment measures

Publication

18 October 2016 à 15h12

Reading time

3 minutes

Publication: 18 October 2016 à 15h12

Reading time: 3 minutes

Adopted on 15 October by Italy’s Council of Minister, Italy’s Finance Law comprises several significant measures including formalizing pension reforms following union agreement on 28 September, making performance bonus payments tax attractive, a Renzi government move to boost company level collective agreements, and fiscal incentives promoting youth employment.

Publication

18 October 2016 à 15h12

Reading time

3 minutes

Publication: 18 October 2016 à 15h12

Reading time: 3 minutes

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Pension reforms. Now written into the Finance law, the APE (anticipo pensionistico) – a guaranteed bank loan repayable over 20 years geared towards early retirees (c.f. article No. 9845) is scheduled to start in May 2017 for a two-year trial period and will comprise the following: the government will allocate €7 billion over three years towards pension reforms of which €1.9 billion in 2017, some 2400 million ahead of expectations; the Council of Ministers also set out access conditions for the

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