Rome

Amendment to help compensate Italy's pensionless retirees

Money comes from witholding adjustments to lifetime officials

Amendment to help compensate Italy's pensionless retirees

Rome, November 13 - Italy's House budget committee on Tuesday approved an amendment that withholds inflation adjustments to the stipends of lifetime elected officials in 2014 to help compensate retirees bereft of their pensions. The money will be used towards aiding Italy's so-called 'esodati' or 'exiled', who are workers that opted to take early retirement in order to help companies downsize amid the euro crisis but have so far received no benefits. So far the government has approved Earlier this year state pensions agency INPS calculated the number of uncompensated pensioners at about 390,000, though the figure has been disputed by Labor Minister Elsa Fornero who has so far earmarked funds for just over 100,000. The House budget committee on Tuesday approved an amendment to fund another 10,130 people. The amendments were tacked onto the so-called Stability Law, a budget-reform bill currently under discussion in Italian parliament.

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