October 11, 2018 / 8:21 AM / 11 days ago

Italy's plan to lower retirement age to weigh on young - pension chief

ROME, Oct 11 (Reuters) - The Italian government’s plan to lower the retirement age will cost future generations around 100 billion euros ($115.4 billion), the chief of the state pension agency INPS said on Thursday.

The reform “will increase pension debt for young people by about 100 billion euros,” Tito Boeri said in a parliamentary hearing.

“We have no choice but to sound an alarm,” he added.

$1 = 0.8667 euros Reporting by Stefano Bernabei, writing by Giselda Vagnoni, editing by Steve Scherer

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