Devolving TFR to wage increase: aims and criticalities
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Abstract
The recent Stability Law (l. 190/2014) has established that private employees can increase monthly earnings devolving the monthly flow of TFR on the payroll, instead of retaining it in the firm or paying it to pension funds. We discuss the aims of this measure and assess the criticalities that have been underlined by some economists, especially as concerns the slacks to the development of private pension funds that would stem from this measure.
Keywords
- TFR
- Pension Funds
- Earnings
- Consumption
- Private Employees
