Retirement system reform

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Pension
Pension

The retirement pension, provided by a public institute, are provided in the terms below:

  • Age pensions:
  1. for men since an age correspondent to 10 years less the average male life computed the previous year for the preceding year, however not less than 60 years old, save for jobs damaging body health, or catalogued as “physical” ones, i.e. these ones requiring usually the physical lifting of more than 30 kg or equivalent physical effort decided by a medical committee
  2. for women since an age correspondent to 5 years less of that one required for men.
  • Contributive pensions: both for men and for women, with a number of years of social contributes paid to the institute correspondent to these decurring between the 25th year of age and the obtaining of an age male pension.

The allowances must not be over a gross amount of $ 10.000 per month, including also the occasional gross income from pension funds.

Retirement includes:

Since 60 years old is provided a progressive reduction of the 20 work hours per week toward a half of the ordinary work hours per week. The hours less are paid by the institute.

A sabbatical year is provided at 50 of age, paid by the institute and computed among the contributive years for a contributive pension.

For teachers, on request, an extension of the years on work is provided, until a maximum of further 10 years; for professors such extension can be for life.

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