Pensions to be raised by 2% as part of new aid package – English

(ANSA) – ROME, Aug 3 – Italy’s public pension will be increased by 2% in October. This is usually three months before the raise at the beginning of the year. The cost of living crisis the government presented to unions on Wednesday.

The package also includes income and labor tax cuts set to lower the labor tax wedge by 1.8%.

The union said that wasn’t enough.

Maurizio Landini, head of CGIL, Italy’s largest trade union confederation, said the numbers were “completely inadequate”.

“Of the €14.3 billion total for the entire package, €1 billion will go to workers and €1.5 billion to pensioners.

“We are talking about numbers that are absolutely inadequate to address the problem” (ANSA).