PENSION SYSTEMS IN EUROPE – ITALY

Abstract

The article presents an insight into the old age pension system in Italy. The introduction is followed by four topic paragraphs: 1. the general information about the country, 2. the historical development of its pension system, 3. the present situation, and 4. challenges and foreseen changes. There, the author’s goal was to present both past and present solutions employed by the Italian’s pension system, in search for ideas worth consideration in international comparisons. In the summary, the author highlights as a particular Italian approach, on the background of other countries, pioneer in the world introduction in the 1st pillar the NDC system.old age pension system; Italy; retirement; pension reforms