Italy’s social security chair warns on pension impact of border closure

first_img“Immigrants provide a very important contribution to the financing of our social protection system and their function is destined to grow in the next decades,” added Boeri, “while the generations of indigenous workers that enter the labour market will become smaller.”Matteo Salvini, deputy prime minister and interior minister, who has taken strong measures to stop the inflow of migrants into Italy, hit out on Twitter, saying: “The chairman of INPS continues to be political, ignoring the will to work of so many Italians.”In a video on Facebook, Salvini said: “Much will have to be changed in these organisations”, referring to INPS and other public bodies.Agency models €38bn financing gapBoeri pointed to data from the INPS annual report that showed that a reduced inflow of foreign, non-European Union workers in the country would have a negative impact on its social protection system.As part of the annual report, the organisation modelled the evolution of welfare expenditure until 2040 if the inflow of foreign non-EU workers would be stopped completely.The report showed that, in the three years before Italy’s economic crisis, 150,000 foreign non-EU workers would join the system each year. At the same time, 5% of the stock of foreign workers, which amounted to around 100,000 people, would leave the labour force.Assuming that, each year until 2040, the stock of foreign workers contributing to the system falls by 80,000 on average, the report claims that INPS would lose €73bn in contributions from immigrant workers each year. At the same time the organisation would gain €35bn in welfare expenditure directed at foreign workers.The net balance would be a gap of €38bn in INPS coffers each year. The chairman of Istituto Nazionale della Previdenza Sociale (INPS), Italy’s social security agency, has said the country needs a steady inflow of immigrants to redress the imbalance between contributions and payouts within Italy’s pay-as-you-go first-pillar pension system.     Tito Boeri’s comments have drawn scorn from the country’s government, which has explicitly targeted a significant reduction of inflows and has closed ports to NGO vessels that rescue immigrants crossing the Mediterranean from the shores of Africa. His comments were made in Italy’s lower house of parliament at the presentation of INPS’ annual report last week. Boeri said: “By closing our borders, we risk destroying our social protection system.”“A ruling class that lives up to its name must have the courage to tell Italians the truth: we need immigrants to keep our social protection system on its feet.” Tito Boeri, chair of Italian social security agency INPS“The inflows of migrant workers compensate the falling birth rates in our country, which is the gravest threat to the sustainability of our pension system”, commented Boeri. The system, he added, is geared to sustain a rise in longevity, but would be put at great risk by further reductions in the numbers of contributors, given the current demographic scenarios.Former labour and welfare minister Elsa Fornero, who designed a major reform of Italy’s pension system in 2011, told IPE: “We need immigrants, because our ratio of young workers in the labour force is shrinking.”She added: “My position has always been that we cannot think that immigrants alone can solve our problems in terms of pensions, by paying contributions and then perhaps going back to their countries of origin with a pension that is lower than the sum of contributions they paid in. “The focus must be on pension reform. But at the same time, we cannot do without a labour market that functions, which means low unemployment, but also a steady flow of immigrants.”See the July/August issue of IPE Magazine for more on pensions in Italylast_img read more

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Rise of hands-on dads

first_imgNZ Herald 7 September 2014Auckland dads are stepping up. Research shows they’re increasingly involved in raising their kids, including a rise in the trend of stay-at-home dads and increasingly taking on roles such as bathing and putting their wee ones to bed.The study, by Dr Louise Keown from the University of Auckland’s Parenting Research Group, features data collected from 94 Auckland families who have kids aged between 4 and 7. The responses were collected between 2007 and 2011.Keown revealed some of the reasons the dads are helping out more on the home front include:• Women are more involved in paid employment, resulting in a shift in what Keown calls “father involvement”.• Women expect fathers to be more hands on.• Dads want to be more involved.• Increased flexibility in the workplace has allowed blokes to work from home or have more flexible hours that allow both parents to have more time to be involved in raising their children.• Some dads who are self-employed are choosing to work entirely from home making it easier to share child care roles.http://www.nzherald.co.nz/lifestyle/news/article.cfm?c_id=6&objectid=11320261last_img read more

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Former Super Eagles striker offers to assist Nigeria scout for talents

first_img Loading… Promoted Content7 Ways To Understand Your Girlfriend Better7 Ways To Understand Your Girlfriend BetterWho Is The Most Powerful Woman On Earth?7 Famous And Incredibly Unique Places In ThailandThe Biggest Cities In The World So FarCouples Who Celebrated Their Union In A Unique, Unforgettable WayBest & Worst Celebrity Endorsed Games Ever MadeThe Very Last Bitcoin Will Be Mined Around 2140. Read MoreA Soviet Shot Put Thrower’s Record Hasn’t Been Beaten To This Day17 Mind-Blowing Makeovers By Makeup Artist Vanessa DavisThe Highest Paid Football Players In The World8 Best 1980s High Tech Gadgets Former Super Eagles’ attacker, Peter Ijeh, has offered to help the country raise players from the grassroots that could be in the senior national team for a long time. Ijeh said he has the experience and eyes for good talents after getting his coaching badges in Europe and also worked with several academies in Europe. The former Malmo FF striker believes Nigeria has many talents who are yet to be discovered and he is willing to offer his services towards the course. “If they are groomed properly, they will become top-class players everywhere in the world. I have seen it, I have tested it and I conquered it during my time as a footballer,” Ijeh said in a podcast with Azerbaijan based Nigerian sports journalist, Johnpaul Nnamdi.Advertisementcenter_img “There are great talents but one has to really work hard to discover them and that is what we are missing. I started with age-grade football and I know the mentality of grassroots football. Once I get a raw talent and with my educational background, I can bring out the best in them and make them fulfill their dreams. read also:CAF Award: Nigeria living on past glory –Peter Ijeh “I want to discover the real talent and if we get it right with the age-grade category, definitely we will get it right in the U23 and so on.” Ijeh who played for IFK Gothenburg in Sweden has a UEFA Advanced Licensed Certificate from Swedish Football Federation. FacebookTwitterWhatsAppEmail分享 last_img read more

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Thrilling End to Wichtech Tennis Tournament

first_imgThe evening game ended with the men’s doubles and it came as a little surprise to many that the duo of Godwin Kienka and Adino Tochukwu got the better of Chinedu Idike and Akeem Mustafa.An elated Nwankwo said after the encounter after, he would not relent in his sponsorship of the competition, promising to make the next edition bigger.“We are now partners,” he said. Member of the tennis section danced to live band to bring the competition to a thrilling end.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram The fourth edition of the Wichtech Tennis Tournament ended last Saturday at the Tennis Section of the Ikoyi Club 1938 with lots of funfair.The tournament which was modeled alongside tennis Grand Slam saw participants carting away various prizes and trophies to the delight of the sponsors, Chinedu Nwankwo, Chairman Wichtech Industries limited. In the Men’s Singles A, Captain of the tennis section, Akeem Mustafa defeated Ezomo Imoukwede, 6-0, 6-4, while Chido Nwankwo got the better of Labisi Aboyomi in the Men’s Singles B.In the veterans’ finals, Charles Attah defeated Olowe Olaleye 6-3, 6-4 and in the super veteran singles, Chris Akpunonu out served Walter Jibunoh 6-2, 6-2, while in the ladies single Julie Allagonyi outplayed Clara Falase in two straight sets.last_img read more

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