Definition of terms

Percentages of salaries (OASI, InvI and LEC), public-sector contributions (OASI and InvI), tax percentages (OASI) and income from recourse claims (OASI and InvI ) minus all cash benefits (pensions, daily allowances, reintegration measures, etc.).

The operating result is the "actuarial" result from the pay-as-you-go mechanism. If the income received is not enough to cover the benefits, the difference must be financed through accumulated assets.