Qual è la capacità informativa del bilancio d’esercizio delle Casse di Previdenza ex D. Lgs. 509/94?

This paper aims to highlight the limitations, in terms of information provided, related to statutory financial statements of entities referred to Legislative Decree 30 June 1994 n. 509. These entities, indeed, must report in the equity section of their balance sheets only a reserve equal to 5 annuities of pensions without recording the effective reserves for future pensions due in virtue of contributions received and inserted in the asset section. In our opinion, the lack of debt for future pensions in the liability section affects the capacity of the financial statement to provide complete and proper information to the stakeholders with a significant impact on the possibility to evaluate the sustainability of the funds.