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Italy Weighs Youth Pension Fund in Budget Amendment

Lawmakers are considering a scheme modeled on Germany’s €10‑a‑month support that would seed long‑term saving for children.

Overview

  • An amendment to the budget bill would create a national fund allowing parents and relatives to contribute for children, with withdrawals at 18 for university costs, training or starting a business.
  • The plan includes a small state top‑up and takes inspiration from Germany’s recent child savings model that provides roughly €10 per month until adulthood.
  • The proposal is part of a natality package first‑signed by Senator Lavinia Mennuni of Fratelli d’Italia and has support from Covip president Mario Pepe, a longtime advocate of early enrollment.
  • A similar initiative has already been launched in Trentino Alto Adige, and opposition party Azione has offered a parallel version with a larger public contribution.
  • The measure’s prospects are uncertain as it competes within the budget’s crowded amendment phase, with more than 5,700 proposals filed and only a limited set to be taken forward after an extended deadline for selections.