Dhr.

The history of the Italian pension system until 1992 In this paper the origin and the main developments until the reforms (in the 1990s) of the pension systems in Italy is discussed. It is an area symbolized by frequent changes in the systems. The pension systems were lacking a fix view how to properly deal with occurring problems. This was similarly due to the politics. For instance, from 1922 to the contain of the Second World War Mussolini with his fascistic ideas ruled the country. The first country (1946 until 1992) had to clean up the mess after the war and in the remaining years, politics were highlighted by social conflicts and political instability. In 2004, in Berlusconis second period as prime minister, 59 presidencys served since the second world war. The aver succession duration of a government since and so was thus less than a year. The first pension plans were accomplished for public employees in the second half of the nineteenth century. A voluntary pension scheme for private employees, to provide one-time(a) age and disability benefits, was introduced in 1898 and was made compulsory in 1919 (Franco, 2001: 5) in which employees had to pay via a payroll tax. Benefits were calculated on paid contributions.

This funded scheme was established and supervised by the INPS (National tender Security Institute). In 1942, survivors benefits were enclosed in the schemes. The schemes had to change in a PAYG scheme after the Second World War. This was due to the cause of inflation and to the use of pension fund assets to support government finances (Franco, 2001: 5). The transition was completed in 1952, when new rules were eventually introduced, at the corresponding time a guaranteed minimum pension level was also introduced (Brugiavini and Galasso, 2003: 11). In the remaining years of the fifties nothing worth mentioning occurred. The longevity (long?service) pensions, which can be taken at any age provided that the worker has a minimum contributory period, were... If you want to get a full essay, order it on our website: Orderessay

Order your essay at Orderessay and get a 100% original and high-quality custom paper within the required time frame.