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Social security and pensions

    • Rome
    • 15 February 2006

          This meeting offered the occasion to discuss in depth the current situation and evaluate actions to be taken by both institutional and economic actors in order to meet new social challenges. here have been radical demographic, economic and social changes over the past few decades, and an urgent need has risen for European governments to reform their welfare systems. These must be adapted to new realities, without destroying a healthy sense of solidarity. The Italian situation is particularly delicate in this phase of transformation towards new pension plans. People are living longer, the ratio between employed and retired is changing, new contracts are being developed that do not favor long-term employment, and all these factors strain the national social security system. Italian families are tending to invest more in a variety of financial products than in retirement plans. This choice may be due to a lack of understanding of the problem as well as to a difficulty in matching desired social behavior with operators’ specific proposals.

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