Pensions, over 50% are under 750 euros. And in the South there is a boom in disability benefits
As of January 1, 2024, i seniority treatments or anticipated they absorb 37.1% of the private pensions provided from INPSwhile those of a welfare nature represent a share of 23.3%.
According to the social security institution's Observatory, which monitors the trend of pension flow excluding the allowances for public employees, at the beginning of this year, 17,775,766 pensions had been accounted for, for a total cost of 248.7 billion euros. Of these, 13,632,992 (76.7%) are social security naturewhile 4,142,774 are welfareresulting in expenditure of 25.9 billion euros.
In 2023 alone, 1,364,686 were liquidated pensionsfor a total of 14.3 billion euros, and 48.6% of them were of a welfare nature, up compared to the 46.5% recorded in 2022. This indicates a significant increase compared to 20 years ago, when in 2003 le welfare pensions they represented only 36% of the total, marking an increase of 11 percentage points over time.
Currently, the Noon has the highest incidence of disability pensions civil, with 77.4 checks per thousand residents, almost double that of the North, which has 39.4. Furthermore, INPS reports that for approximately 53.7% of pensions the monthly amount is less than 750 euros.
The private social security pensions amount to 222.8 billion euros. INPS communicates that of the pensions in force on 1 January 2024, 76.7% are of a social security nature and the remaining 23.3% are welfarefor a total annual cost of 248.7 billion eurosdivided between 222.8 billion supported by social security management and 25.9 billion by welfare management.
INPS notes that 47.1% of the treatments and 62.4% of the amounts paid are borne by the management of the private employeeswith the Workers' pension fund employees who contribute 44.5% of the pensions paid and 57.8% of the amounts paid. The management of self-employed they provide 28.3% of the checks (24.7% of the amounts paid), while the welfare managements provide 23.3% of the benefits (10.4% of the amounts).
The welfare pensions are increasing, with 48.6% of pensions paid in 2023 of a welfare nature. The annualized amounts for new benefits paid in 2023 amount to approximately 5.8% of the total amount payable as of January 1, 2024. Of these benefits, 20.4% are pensions and social benefits, with 37.9 % provided to men. Most of the others welfare servicesequal to 79.6%, is intended for civilian invalids, with a masculinity index of 42.0%.
As regards private and self-employed workers, over 5 million advance or seniority benefits have been paid up to 1 January 2024, of which approximately 73.8% were paid to men. Social security benefits mainly consist of old-age pensions (69.1%), of which 57.3% are awarded to men, social security disability pensions (5.0%), of which 57.0% are for men, and survivors' pensions (25.9%), with a masculinity rate of 12.5%.
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