Pensions need to be taken into account. This is why the government is working on calculations and simulations, in view of the 2025 budget. The item costs Italy 300 billion euros per year and in view of a Budget Law where choices will have to be made, due to the limited resources available and the urgency of respecting the new rules of the Stability Pact. Quota 103, Opzione donna and Ape sociale expire at the end of the year. A compromise is needed. This will also be worked on (and above all) at the majority summit on Friday, the first after the summer. On the table: the possibility of introducing an extension of the windows for early retirement, incentives for those who remain in work, a stop to the revaluations of the highest benefits and an intervention on the supplementary pension front.
Today you can access it with 42 years and 10 months of contributions (41 years and 10 months for women), regardless of age. The window to access is three months. This is what we are thinking of intervening on (the League is against it). Extend the window to 6-7 months. For men, retirement would be triggered after 43 years and 4 months (42 years and 4 months for women) or 43 years and 5 months in the event of an extension to 7 months.
Beyond the windows for early retirement, there are various hypotheses. Quota 41 first of all. There are two variants here. Contribution quota 41 it means a pension with 41 years of contributions, without considering the age of the applicant. A hypothesis supported by the League but which would cost too much (over 500 million euros). Quota 41 “targeted”i.e. as above but limited to workers who have at least 12 months of contributions before the age of 19. This would mean spending less for the government. Then there is Quota 104. The option set aside last year could return to make room for quota 103. Early exit with 63 years of age and 41 years of contributions. In the event of a failed agreement, it could be extended Quota 103. It expires this year. The possibility of retiring early with 62 years of age and 41 years of contributions was given. But with the contributory recalculation of the allowance. Very few have taken advantage of it. This option, given the limited numbers and the savings for the government, could therefore be extended if nothing else is achieved.
At the end of the year, the Opzione donna and Ape sociale also expire and may not be extended. Woman option concerns the possibility of early retirement for employed or self-employed women who are between 59 and 61 years old (the calculation depends on the number of children), with a maximum of 35 years of contributions and who are caregivers, or disabled civilians or even fired or employees of companies in crisis. Extension, limitation or cancellation are also being studied for the Social Pension Advance (Social Ape). It allows early retirement for the unemployed, caregivers, disabled civilians (at least 74%) and workers in “arduous” activities. For this category, early retirement is possible (to date) at 63 years and 5 months of age and 30 years of contributions.
In addition to the adjustments for early pensions, work is also underway on a tightening or a halt to the revaluation of higher benefits. The government has already cut back, cutting checks four times greater than the minimum. But spending has increased and therefore it could intervene again. And then there is the question TFR and complementary funds. On the table is the hypothesis of making the payment of a part of the severance pay to supplementary pension funds mandatory and making the supplementary pension system cumulative with the other, for workers who retire with the contributory system. This would allow early retirement (64 years with 20 years of contributions) for those who started working after 1995 and are therefore entirely in the contributory system.
