INPS Delays Pension Increases, Then Reverses Decision
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The Italian National Social Security Institute (INPS) initially announced that pension increases would be delayed until March for those earning more than €2,447 gross per month. This decision was met with criticism as it would disproportionately affect middle and high-income pensioners. Following pressure, INPS reversed its decision and agreed to implement increases for all pensioners starting from January. However, the planned budget cut of €14 billion remains.
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