Piero Marchetini
- Features
Legislation changes in nutshell
The law decree 5 December 2005 n.252, in application of the last pension reform (law 23 August 2004 n.243), has significantly modified the current law on pension funds (law decree 21 April 1993, n.124). The new law is likely to pave the way for major change in Italian pensions, moving ...
- Features
Persuading the silent majority
The slow development of Italian pension funds is mainly due to the lack of resources to finance them. Neither the companies nor the employees have ‘serious money’ to put into the funds. Contributions made to the pension funds by companies and employees so far have been almost nominal (ie, a ...
- Features
Italy: the future is DC
Italy’s first law regulating private pension plans was Law Decree 124/1993, issued on 21 April 1993. The most significant elements are that: only DC plans are allowed for employees (with only the self-employed being able to choose DB); strict limits are placed on the amount of tax-deductible contributions that can ...
