Pensions 2027: possible three-month freeze for 64-year-olds
In the run-up to the Budget Law, the government is working to avert the raising of the age and contribution requirements of the Fornero law. If no corrective measures are taken, the threshold for retirement will rise to 67 years and 3 months, and that for early retirement to 43 years and one month of contributions for men and 42 years and one month for women
Key points
In the run-up to the budget law, the government's technicians are working to avert the three-month increase in the retirement age and contribution requirements that would be triggered in 2027, according to the Tremonti Sacconi manoeuvre, and then the Fornero law.
With the mechanism that establishes an automatic link between the retirement age and life expectancy trends, in the absence of corrections, the threshold for the old age pension will rise from the current 67 years to 67 years and 3 months of seniority, while the threshold for the early retirement pension (regardless of age) will rise from 42 years and 10 months for men to 43 years and one month of contributions for men and from 41 years and 10 months to 42 years and one month of contributions for women.
The hypothesis of an age requirement for early exit with the freezing of three months
There are two hypotheses being studied. The one that seems to have the best chance at the moment is to freeze this 'step' for three months in 2027, but only for those who have reached the age of 64. The knot, once again, is represented by the coverage, given that the solution must be found with the next Manoeuvre. According to the first calculations of the government and INPS technicians, the increase in pension requirements is estimated at over 2 billion euro in the two-year period 2027-28, and about 3 billion at full regime. With the 'stake' of 64 years, the cost would be reduced, the first rumours speak of 1.5 billion in the two-year period and about 2 billion at full regime.
Therefore, according to this hypothesis, which is still being evaluated within the government, there would be a freeze of three months for old age pensions in 2027 and people would retire at the age of 67 instead of 67 years and three months. In addition, an age criterion would be introduced to freeze the three-months step for early retirement: in practice, men who have reached 42 years and 10 months of contributions and women who have reached 41 years and 10 months, but who have not yet reached the age of 64, would not benefit from the three-month freeze for early retirement and would have to wait until they are 43 years and one month (men) and 42 years and one month (women) to retire early.
The hypothesis of a 'step' or 'window' in the two-year period
There is another hypothesis under consideration, theintroduction of a 'step' or a 'window' of an extra month in 2027 and one or two months in 2028. In essence, the age requirement for the old age pension would remain fixed at 67 until 2029 (instead of rising to 67 years and three months), but when the requirements are met, in 2027 one would have to wait another month to receive the cheque and in 2028 two months.
