For supplementary pension returns, 2022 was a black year. Financial market turmoil has affected the operating results of pension funds. Even over a longer time horizon - the last 10 years - performance is barely in line with returns on severance pay. This is one of the findings of the Annual Report of Covip, the pension fund supervisory commission, which was illustrated in Montecitorio by President Francesca Balzani. At the end of 2022, the total number of members of supplementary pension funds is 9.2 million, up 5.4 percent from the previous year, for a coverage rate of 36.2 percent of the total workforce. Contributions collected slightly exceed 18 billion euros. It should be pointed out that 2.5 million of the members do not make contributions. Negotiated funds have 3.7 million members; nearly 1.8 million are members of open-end funds and 3.5 million of "new" Individual Pension Plans (PIPs); about 650,000 are members of preexisting funds. Pension funds accommodate mainly men of mature age residing in the North of the country, placed in reasonably solid companies and able to provide continuity of funding streams. In contrast, women, young people, and workers in the South continue to be less present. This means that precisely the less strong figures, for whom the need for a more solid pension future would be more pressing, are struggling to enter the world of supplementary pensions.
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