ITALY - The Italian government's efforts to stimulate the defined contribution (DC) sector by encouraging workers to transfer their final indemnity payments to pension funds could grind to a halt as employees remain unconvinced by the proposed system.
Despite several pension funds generating returns above the final indemnity payments funds (Tratta-mento Fine Rappporto/TFR), the prospects for the TFR reform, due in January 2008, remain bleak. ...
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