In the last 30 years the Italian pension system was repeatedly reformed and counter-reformed, increasing uncertainty about future pensions. A low level of financial literacy exacerbated this problem. In 2015, the Italian Social Security Institute (INPS) launched a project to allow all insured workers to have more precise information about their future benefits. This paper analyzes the results of a survey carried out to evaluate the project’s performance. The findings are encouraging – around 80 percent of respondents rate the INPS service as at least “very helpful.” Even if 42 percent of the sample overestimates their future pension, 16 to 29 percent reveal a willingness to change their expectation on retirement income after receiving new information.

Setting up a communication package for the Italian NDC

Tito Boeri;
2020

Abstract

In the last 30 years the Italian pension system was repeatedly reformed and counter-reformed, increasing uncertainty about future pensions. A low level of financial literacy exacerbated this problem. In 2015, the Italian Social Security Institute (INPS) launched a project to allow all insured workers to have more precise information about their future benefits. This paper analyzes the results of a survey carried out to evaluate the project’s performance. The findings are encouraging – around 80 percent of respondents rate the INPS service as at least “very helpful.” Even if 42 percent of the sample overestimates their future pension, 16 to 29 percent reveal a willingness to change their expectation on retirement income after receiving new information.
2020
9781464814556
Holzmann, Robert; Palmer, Edward; Palacios, Robert; Sacchi, Stefano
Progress and challenges of nonfinancial defined contribution pension schemes. Volume 2 - Addressing gender, administration, and communication
Boeri, TITO MICHELE; Cozzolino, Maria; Di Porto, Edoardo
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11565/4022586
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