Inflation increases INPS spending on pensions: +6.3% to 270 billion

Inflation increases INPS spending on pensions: +6.3% to 270 billion

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The inflation adjustments of social security checks have significantly increased spending on INPS pensions. This, during 2023, it increased to 269.6 billion euros – including the item of disabilities – with a +6.34%.

The INPS also records an increase in revenue: contribution payments reached 214.6 billion with an increase of 4.44% compared to 2022 (+4.65% compared to forecasts). 38.6 billion euros (+10.16%) were disbursed for temporary services (single allowance, Naspi, bonuses, etc.), with a growth of 12% for Naspi and 38% on the single allowance, which however was was introduced during construction in 2022 and therefore represents only a partial comparison.

In a note from the Institute, the balance is presented as “extremely positive” and capable of “fully achieving the objective set with respect to the generation of “Public Value”, i.e. the increase in social and economic well-being that the action of the INPS determines in the national context”.

Among the highlighted results is the growth in the “level of employee productivity” which “exceeded the expected objective and was higher than the already positive one of 2022, recording a +11.5% compared to the standard ”. In addition to thanking the “professionalism and commitment” of the staff, the institute attributes the result “also to the virtuous effects of the introduction of Artificial Intelligence and the advancement of digitalisation which have reduced processing times and increased efficiency”. Among the examples given, the ability to settle over eight out of ten Naspi requests in 15 days and the increase in the use of online services.

“These data demonstrate a constant implementation capacity of the INPS technostructure which goes hand in hand with the planning and development capacity at the service of citizens” – commented the general manager Vincenzo Caridi. “This is an action in the interest of the weakest sections of the population and aimed at a leap in quality of public welfare. Thanks to the Pnrr, more than 100 services have been introduced and the digital skills of over 13,000 employees have been trained, also structuring a stable innovation chain for the near future”.

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