Pension provision

Retirement age freeze, costing the state 3 billion

Without legislative action from 2017 three-month increase based on life expectancy

by Fabio Venanzi

28 August 2025

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Key points

Contribution system
Pure contributory system
Early Workers
National Totalisation Scheme

3' min read

It could cost up to 3 billion to the state coffers to block the increase in the pensionable age by three months, which will be automatically triggered from 1 January 2027 due to the increase in life expectancy, unless legislative measures mentioned in recent days by the undersecretary for labour, Claudio Durigon. This is the forecast of the technicians, who are working on the dossier on the basis of the official data on pensions paid in 2024.

In case the government decides not to intervene, as mentioned, from 2027 onwards 67 years and three months will be required for the old-age pension, provided there are at least 20 years of insurance, and contributions before 1996 (mixed system).

Contributory system

In the case of workers without seniority on 31 December 1995, the old age pension under thecontributory system will be obtained at the above-mentioned requirements, provided that the first amount is not less than the social allowance (for 2025, equal to EUR 538.69). In the event that the contributory person does not reach 20 years or does not meet the threshold amount, the pension will be payable upon reaching 71 years 3 months of age with at least five years of actual contributions. For the early pension, 42 years 1 month for women and 43 years 1 month for men will be required.

To these requirements will be added the movable window, which, for the generality of workers, is an additional three months. For public employees enrolled in the funds administered by the former social security institutes (Cpdel, Cps, Cpi and Cpug), the moving window will increase from the current 4 months in 2025 to 5 months in 2026, 7 months in 2027 and 9 months from 1 January 2028. In practice, from 2027, if the window is worked, the insured person will enter retirement with 43 years 8 months of contributions.

Pure contributory system

For the early retirement pension in the contributory system, reserved for workers in the pure contributory system, 64 years 3 months of age with at least 20 years and three months of actual contributions will be required. In fact, from 1 January 2024, the legislator has provided for life expectancy to be applied not only to the age requirement but also to the contributory one, at the same time providing for a three-month moving window.

This pension is achievable provided that the first pension amount is not less than three times the amount of the social allowance (countervalue for 2025 equal to €1,616.07), reduced to 2.8 times for women with one child and 2.6 times for women with two or more children. In any case, the monthly amount may not exceed 4 times the minimum allowance (countervalue equal to €3,017 per month) for the months in advance of reaching the age for access to theold age pension.

Early Workers

For early-age workers, access will be conditional on reaching 41 years and 3 months of contributions, with at least 12 months of contributions from actual work before reaching the age of 19, provided that they are unemployed or disabled to at least 74 per cent, or care for family members with severe disabilities, or perform heavy or arduous work.

If the 'precocious' are public employees enrolled in the funds administered by the former Social Security Institutions, the moveable window will be subject to the same increases as indicated above for early retirement.

National Totalisation Scheme

For workers accessing a pension under the national aggregation scheme, the age requirement will increase to 66 years 3 months, with a moving window of 18 months, while the retirement pension will require 41 years 3 months with a moving window of 21 months. Workers who carry out particularly strenuous and heavy tasks (so-called usurious), who currently qualify with a 97.6 quota with at least 35 years of contributions and 61 years 7 months of age, will from 2027 qualify for a pension with 61 years 10 months and a quota that is likely to be 97.9.