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The scenario

CGIL study: public employee pensions, cuts of up to EUR 6,100 per year, 700,000 workers affected

The CGIL analysed the impact of the Budget Law 2024, which introduced the revision of pension return rates for civil servants enrolled in the pension fund of local authorities, health workers, teachers, bailiffs

by Giorgio Pogliotti

Anche i lavoratori della sanità sono interessati dalla revisione delle aliquote pensionistiche IMAGOECONOMICA

4' min read

Translated by AI

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Versione italiana

Key points

4' min read

Translated by AI

For feedback, please contact
english@ilsole24ore.com

Versione italiana

The revision of pension rates for an annual salary of 30,000 euro produces an annual cut from around 927 euro (for those who started contributing in 1983) to over 6,100 euro per year in the most penalised cases (for workers who started contributing in 1994).

There are 700 thousand workers from four PA branches involved

The CGIL welfare observatory analysed the impact of the Budget Law 2024 which significantly changed the determination of the pay portion of pensions for civil servants enrolled in four pension funds: for pensions liquidated as of 1 January 2024, it concerns the salary shares of members of the Cassa pensioni dipendenti enti locali (CPDEL), the Cassa pensioni sanitari (CPS), the Cassa pensioni insegnanti di asilo e di scuole elementari parificate (CPI) and the Cassa pensioni ufficiali giudiziari, aiutanti ufficiali giudiziari e coadiutori (CPUG). The technical report to the Budget Law 2024 estimates the impact for about700,000 public employees, with a particular impact on the so-called 'mixed' careers, characterised by contribution seniority accrued in both the wage and contribution systems, with an overall cut of €32.9 billion by 2043. The number of pensions affected by the change in the rates of return in the four schemes involved is set to grow progressively, rising from about 31,500 treatments in 2024 to over 732,000 in 2043.

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For salaries of 50 thousand euro loss of approximately 1,545 to over 10 thousand euro

Projecting this expected reduction for a salary of 30 thousand euros on the average life expectancy of a pension, the total economic loss ranges from 17,613 euros (with contribution start in 1983) to over 117 thousand euros (contribution start in 1994).
For salaries of €50,000, the estimated annual cut ranges from about€1,545 per year (start of contribution in 1983) to over €10,000 per year in the most penalised cases (start of contribution in 1994), resulting in a cumulative loss on the average life expectancy of pensions of between €29,000 (start of contribution in 1983) to €196,000 (start of contribution in 1994).

Italiani e pensioni: tra ansia, inerzia e rimpianti

In cases of salaries of EUR 70,000 per year, the penalty ranges from EUR 2,163 (start of contribution 1983) and can reach over EUR 14,000 per year (start of contribution 1994), with an overall economic loss over the entire retirement period that is estimated in the first case to be over EUR 41,000 higher and reaches EUR 273,000 in the second case.

And meanwhile the age for old age pension moves forward

Add to this the progressive increase in the windows for access to early retirement that affects members of the four pension funds - the window increases from the previous 3 months to 9 months in 2028 - and the progressive increase in pension requirements provided for by the Budget Law 2026 (an extra month from 2027 and a further two months from 2028), leading to a further postponement of leaving work. The CGIL estimated the combined impact of the three measures in three concrete cases.

Let us take a worker born in 1968 who starts working in 1987, at the age of 19. The requirement for early retirement is fulfilled in 2030, with 43 years and 4 months of contributions. However, due to the effect of the moving window increased by 9 months, the actual exit moves to 2031, with 44 years and 1 month of work. If the worker wanted to avoid the rate cut, he would have to wait for the old age pension, which can be reached in 2036 at 67 years and 10 months, thus reaching a total of 49 years and 2 months of work.

Pensioni, adesione automatica ai fondi: cosa cambia per TFR e contributi dal 1° luglio 2026

In the case of a worker born in 1970, who starts work in 1990, at the age of 20, the contribution requirement for early retirement is reached in 2034, with 43 years and 7 months of contributions. The 9-month moving window shifts the actual exit to 2034, with 44 years and 5 months of work. To avoid the penalty on the pension amount, the worker would instead have to wait for the old age pension in 2038, at the age of 68, accruing a total of 48 years and 4 months of work.

Let us move on to a worker born in 1972 starts working in 1993, at the age of 21. The requirement for early retirement is fulfilled in 2037, with 43 years and 10 months of contributions. The application of the increased moving window leads to effective exit in 2038, with 44 years and 7 months of work. To avoid the rate cut, access to the old age pension would take place in 2040, at 68 years and 2 months, with a total of 47 years and 8 months of work.

Cgil: young people risk working 49 years before retirement

The CGIL's conclusion is that 'workers who entered the world of work between the ages of 19 and 21, between mobile windows, adjustment to life expectancy, and the need to avoid cuts on pensions, risk reaching a total of more than 48 or even 49 years of work before accessing an old age pension'. Particularly heavy is the situation in the health sector, where 'even the safeguard mechanisms provided for by the legislation would still entail working longer than 46 and a half years, in contexts already characterised by high work stress, shifts, and heavy physical and psychological burdens'.

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