A second meeting between unions and the government over retirement and jobs was held on 14 June and was the forum for labor Minister Giuliano Poletti to present the main thrusts of the APE project (Early Retirement) that provides for the possibility of opting for early retirement against taking out a twenty-year loan.
The Italian press (to date there has been no official statements over the proposal) reported that the project would enable workers to take early retirement within the period of three years prior to the legal retirement age, currently set at 66 years and 7 months. During the ‘early retirement’ period these ‘retirees’ will be able to take out a twenty-year term loan that would become repayable once they start receiving their ‘regular final’ pension payments. Such ‘retirees’ would not make social
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