Italy Debates New Pension Fund for Newborns
The Italian government has a new idea. It wants to make a pension fund for babies. This is money saved for when they are old. The fund will start from the day a baby is born.
Daniela Fumarola works for a big trade union called Cisl. She talked to the Ansa news agency. She said the idea is good. She said it needs attention.
But Fumarola has one worry. She thinks the government should not manage the money alone. She wants special funds called negotiated funds to manage it. These funds come from work contracts.
Another person, Liverani, works for Ania. Ania is a group for insurance companies. He also likes the idea. He says saving money from birth is good.
But Liverani has a condition too. He wants many companies to be able to offer this service. He calls this competition. He thinks competition helps people get better deals.
Right now, this is only a plan. We do not know all the details yet. More information will come soon.
Vocabulary6 words
- pension
- money you get after you stop working, when you are old
- trade union
- a group that helps workers
- negotiated funds
- special saving funds made by workers and companies together
- contracts
- written agreements about work
- insurance
- a company that helps pay for problems if something bad happens
- competition
- when many companies try to be the best
Quiz
Answer key
1. A pension fund for newborn babies 2. Negotiated funds from contracts 3. True
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
The Italian government has a new idea. It wants to make a _____ fund for babies.
The fund will start from the day a _____ is born.
Daniela Fumarola works for a big _____ called Cisl.
She said the idea is good. She said it needs _____.
She wants special funds called _____ funds to manage it.
These funds come from work _____.
Ania is a group for _____ companies.
He wants many companies to be able to offer this _____.
He calls this _____.
Right now, this is only a _____.