The Organization for Economic Co-operation and Development (OECD) has launched a new attack against the Italian pensions system. According to the “Pension at a Glance 2017″ report published Tuesday, Italy is spending 16.3 percent of its GDP on pensions (the data dates from 2013), second only to Greece (17.4 percent) and double the OECD average (8.2 percent). Since 2000, they say, this expense even increased by 21 percent. Spending on pensions, according to the report, takes up a third of the public expenditures: 32 percent, compared to the average of 18 percent in OECD countries.
All these data are fake news. It was clarified a long time ago — but not enough, apparently, for the OECD’s “experts” — that in Italy, “pension spending” is counted as including all forms of public assistance.
This anomaly was pointed out by the unions, as well as by the president of the INPS (National Institute of Pensions), Tito Boeri, according to whom the institution should be called “della Protezione sociale” (“of welfare”) and not “della Previdenza” (“of pensions“), since, out of the 440 forms of assistance they provide, only 150 are of the nature of a pension.