Retirement age?

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Retirement age?

Postby johnnyonthespot » 14 Apr 2010, 14:25

What is the typical age at which Italians retire from work and begin collecting the state pension?

What is the minimum age at which one can begin collecting?

Finally - and I don't know if anyone here can answer this - I vaguely recall reading that in certain cases (persons who have worked in both countries perhaps?) dual US/Italian citizens can retire in Italy and collect an Italian state pension, in lieu of US Social Security, through a system in which Italy and the US combine the earnings records from both countries. Anyone know how this works?
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Re: Retirement age?

Postby Tessa78 » 15 Apr 2010, 18:41

This may be what you're looking for...

http://www.conssanfrancisco.esteri.it/C ... /Pensioni/

T.
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Re: Retirement age?

Postby Italysearcher » 15 Apr 2010, 21:21

Italians don't get a pension unless they have the required number of years of contributions. 35 years at last count but they keep changing the rules.
In the South work with contributions is hard to come by as employers prefer to pay 'under the table' so they don't have to pay the contributions. Age discrimination means that under 30 years of age the contributions are less, so unless you get a firm job before age 30 its difficult to acquire the required 35 years contributions before age 65. The government here has trouble paying SS to Italians. I can't imagine you being better off here than in the US if you need to rely on this form of pension supplement.
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Re: Retirement age?

Postby johnnyonthespot » 15 Apr 2010, 21:39

Italysearcher wrote:Italians don't get a pension unless they have the required number of years of contributions. 35 years at last count but they keep changing the rules.
In the South work with contributions is hard to come by as employers prefer to pay 'under the table' so they don't have to pay the contributions. Age discrimination means that under 30 years of age the contributions are less, so unless you get a firm job before age 30 its difficult to acquire the required 35 years contributions before age 65. The government here has trouble paying SS to Italians. I can't imagine you being better off here than in the US if you need to rely on this form of pension supplement.


No, I was more curious than anything else.

It seems as though a significant percentage of Italians would not be entitled to the state pension; that being the case, how do they survive "old age"?

Welfare? Family? Savings?
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Re: Retirement age?

Postby liviomoreno » 16 Apr 2010, 05:58

Italysearcher wrote:Italians don't get a pension unless they have the required number of years of contributions. 35 years at last count but they keep changing the rules.
In the South work with contributions is hard to come by as employers prefer to pay 'under the table' so they don't have to pay the contributions. Age discrimination means that under 30 years of age the contributions are less, so unless you get a firm job before age 30 its difficult to acquire the required 35 years contributions before age 65. The government here has trouble paying SS to Italians. I can't imagine you being better off here than in the US if you need to rely on this form of pension supplement.


The pension system is rather complicated and difficult to explain in few words.

Pensione di Vecchiaia = Old age
When you reach the age of 65 (60 if you are a woman) you get the pension if you have paid at least 20 years of contributions. The amount is "proportional" to the contributions paid.

Pensione di Anzianità = Seniority in the work life
You may get the pension at any age if you have paid 40 years of contributions. If you have more than 35 years of contribution you can ga on pension at 60 years of age, this age will become 61-62 in the next future. The amount is "proportional" to the contributions paid.

Assegno sociale
You get it if you are 65 and have no other income, the amount is euro 5.317,65 per year.

etc...

All details are available in Italian at https://servizi.inps.it/newPortal/defau ... enu=1&p7=3
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Re: Retirement age?

Postby liviomoreno » 20 Apr 2010, 05:41

adinnhall wrote:Retirement age can be decided by there person himself upon his health or for any reason. Minimum age for the retirement is at the age of 50. Till this age the money is been added to the pension plan and so the employee gets a good benefit from this.


Where did you get this info? You may decide to stop working but you will not get the pension until you reach the age that I indicated in my previous post...
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Re: Retirement age?

Postby wldspirit » 20 Apr 2010, 09:33

I suspect the above to be a spammer, moving all three of adinnhall to private for review.
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Re: Retirement age?

Postby svr2112 » 28 Aug 2010, 12:26

There is nothing like age limit for a player to retire from any game.

If a player can play even after 38(as you said for Kumble), then he is happily allowed.

But the main thing which count here is their body fitness.
As they will be playing since so many years their body fitness will be gradually decreasing and they cannot play as they play when they are young. So they retire.

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Re: Retirement age?

Postby Italysearcher » 28 Aug 2010, 14:31

another spammer???
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