Old age pensions, Inps turnaround: recalculations and refunds for thousands of pensioners
The Social Security Institute acknowledges that it incorrectly applied the tightening of the 2024 manoeuvre on the rates of return for the calculation of the pensions of members of the ex-Inpdap social security funds for the limited early retirement pensions
Key points
About-turn by the Inps, which acknowledges the error by announcing refunds for old-age pensions, even in cumulation, whose pension quotas calculated with the pay-as-you-go system were determined by applying the restrictive rates of return: they must be re-examined ex officio, with the application of the more advantageous rates of return.
A few tens of thousands of pensioners interested in the reconstitution of their pensions will be paid by the Inps the differences on arrears and legal interest, with monetary revaluation, calculated backwards from the date of recalculation of the pension.
The 2024 Manoeuvre and the application of the Inps
Let's take a step back and return to the Manovra 2024, which replaced the previous more generous rates of return for the calculation of the salary portions of the pensions of members of the four ex-Inpadap social security funds - Cpdel (Employees of local authorities), Cps Sanitari (doctors, nurses), Cpi (kindergarten and primary school teachers), Cpug (Bailiffs) - with less than 15 years of contributions as of 31 December 2025, with a new lower rate resulting in a reduction of the allowance.
During the approval process of the 2024 Manoeuvre, old age pensions were excluded from the squeeze on the rate of return, along with those who had accrued the requirements for the pension by 31 December 2023, limiting the less favourable rate to early retirement pensions, including those of early workers. In applying the rule, however, Inps also penalised old age pensions by applying the less favourable rate.
The Inps message
In its message no. 787 of 5 March 2026, the Inps acknowledges that the less advantageous rates of return do not apply to old-age pensions, also in accumulation, liquidated following resignation from an employment relationship with a public administration. What is relevant is whether the subject accesses an early or old age pension: in the first case the less favourable rates of return apply, unless access to the pension is by virtue of requirements reached by 31 December 2023, in the second case - access to an old age pension - the earlier, more favourable rates of return apply.
