Rome

Over seven million Italian pensioners on under 1,000 euros

35% receive between 500 and 1,000 euros monthly

Over seven million Italian pensioners on under 1,000 euros

Rome, November 20 - Around 7.2 million retirees, over half of the overall total, receive pensions of less than 1,000 euros per month, the Italian pension agency INPS said in its social report for 2011 on Tuesday. INPS found about 17% receive less than 500 euros, while 35% get between 500 and 1,000 euros. Another 24% of retirees have pensions of between 1,000 and 1,500 euros per month. The average monthly pension in Italy is 1,131 euros. The average for men is 1,366 euros and for women it is 930 euros. Just 2.9% of pensioners receive more than 3,000 euros per month.

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