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The National Institute for Social Security (Italian: Istituto nazionale della previdenza sociale, INPS) is the main public entity and authority of the Italian public retirement system. All waged labourers and most of self-employed, without a proper autonomous social security fund, must be subscribed to INPS.
Social security contributions apply to everyone in the workforce, divided into contributions by the employer and those by the employee; both sides are obliged to participate. Employers must register with the Italian Social Security Administration (Istituto Nazionale Previdenza Sociale or INPS). The total contribution rate fluctuates around 40 ...
Total net social spending in terms of percent of GDP, takes into account public and private social expenditure, and also includes the effect of direct taxes (income tax and social security contributions), indirect taxation of consumption on cash benefits, as well as tax breaks for social purposes. [1]
Italian National Institute for Social Security headquarters in Rome. The Italian welfare state is based partly upon the corporatist-conservative model [1] (as described by Gøsta Esping-Andersen, one of the world's foremost sociologists working on the analysis of welfare states) and partly upon the universal welfare model.
35% (additional 10% by the employee for social security contributions, i.e. health insurance, pension and education); and additional 10% by the employer for various social security contributions) 18% [ 6 ] (Reduced rates 5%, 7% and 0% for life necessities – groceries, water, prescription medications, medical equipment and supplies, public ...
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The Ministry of Labour and Social Policies (Italian: Ministero del lavoro e delle politiche sociali) is a department of the government of the Republic of Italy responsible for policies of labour, employment, labour protection, the adequacy of social security system, and social policy, with particular reference to the prevention and reduction of conditions of need and distress among the people.
According to the 2021 annual report from the Social Security board of trustees, Social Security's cash reserves will be fully depleted by 2034 -- one year earlier than their 2020 report indicated.