Pensions, Quota 103 does not break through, 2024 applications below estimates
According to sources following the manoeuvre dossier, it might be possible to confirm the measure by allocating around 70 per cent of what was allocated last year
by Redazione Roma
2' min read
2' min read
The number of applications for the new Quota 103 is lower than expected, after the tightening scheduled for 2024, which imposes the contributory recalculation of the cheque. The applications for the new Quota 103 (62 years of age and 41 of contributions) arrived at the Inps are in fact about 7,000 and at the end of the year could be about half of those estimated in the Budget Law for the year (17,000). Of these, about 20 per cent could be rejected. The indication comes from sources close to the manoeuvre dossier, according to which it might be possible to confirm the measure by allocating about 70 per cent of what was allocated last year. Il Sole 24 Ore reported on this trend in an article from last May.
What the latest manoeuvre envisaged
149 million were allocated for the Quota 103 measure in the Budget Law for 2024, thanks to the fact that the lengthening of the moving window brought the first exits in August) 835 million in 2025 and 355 in 2026). The low adherence to the measure is linked to the economic penalty that would come with the contribution recalculation and the low convenience in terms of advancement compared to the exit with 42 years and 10 months regardless of age (41 and 10 for women).
The penalty
.In fact, if one accesses the pension with Quota 103, it is necessary to have 41 years of contributions and wait for 7 months of the moving window (9 for public employees), one would therefore be brought forward by just one year and six months compared to leaving with 42 years and 10 months, which would rise to 43 years and one month with the three months of the moving window provided for this measure. The advance is reduced still further for public workers (only by one year and four months) and in particular for women who would leave with Quota 103 with 41 years and nine months and with the advance independent of age with 42 years and one month. Pensioners also do the maths on how much they would lose with the fully contributory recalculation. The advance could lead to a cheque being not too different in the case of a flat career, but very penalising in the case of a fast career with a substantial pay rise in the last years of work. Thus, the choice becomes convenient for those who have left or are forced to leave work only if they have not had a rapid career and salary progression.
