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Italy

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Italy: Pension system in 2008 The new Italian pension system is based on notional accounts. Contributions earn a rate of return related to GDP growth. At retirement, the accumulated notional capital is converted into an annuity taking account of average life expectancy at retirement. It applies in full to labourmarket entrants from 1996 onwards.
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Document Type: Review Article

Publication date: 2011-03-01

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