Luxottica is allowing retiring employees to join its company pension fund, set up in 1996, the year of the major reform of Italy's national insurance system. The fund provides employees with a pension that combines the minimum state pension with their company pension depending on the number of years of service. Those who are already in the fund and about to retire have the opportunity to stay in the fund and increase their capital. Those who are already retired may reintegrate the fund by paying the €120 membership fee for 2013, by Dec. 31 of this year. These former employees who have already received the sum they were entitled to can consequently use this lump sum as a form of savings.

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