To get the pension of old age in 2024 it is necessary to have reached at least 67 years of age and 20 years of paid contributions. However, it also exists the early option which requires specific requirements, including having at least 42 years and 10 months of contributions for men and 41 years and 10 months for women, without age restrictions. Here’s how to retire early in 2024.
The requirements
About i requirements which are needed to access the early pension, we specify that in addition to the mandatory contributions, voluntary, redemption and notional payments are considered valid. However, a net contribution of at least 35 years is required. After submitting the application, you must wait at least three months, defined as the window period, to receive the pension check. During this period you are allowed to continue working. Starting from 2025, the Budget Law provides for a progressive lengthening of the window period for former INPDAP state employees: four months in 2025, five in 2026, seven in 2027 and nine in 2028. However, there are also other specific cases, we list them below.
Early workers
A specific case of early retirement concerns those who started working at the age of 18. In this circumstance, workers have the right to ask early retirement if:
- have at least 12 months of contributions;
- they are unemployed and have not received unemployment benefits for at least three months;
- they are caregivers and assist people with disabilities or people over seventy with disabilities;
- they are at least 74% disabled;
- they carry out strenuous work;
- have worked very hard jobs for at least 7 years in the last decade or for at least 6 years in the last 7 years.
If the aforementioned characteristics do not exist, workers will be able to retire in 2026 after reaching 41 years of social security contribution.
Hard work
The workers they carry out are then included in the category of those who will retire early strenuous tasks. This involves night work with shifts or carried out in close quarters; repetitive cycle productive work such as assembly lines; work that involves driving public service vehicles and collective transport). In this circumstance, early retirement is permitted if the employee has carried out strenuous activities for at least 7 years in the last 10 years or for at least half of their working life and has accrued contributions for at least 35 years and is at least 61 years and 7 months of age.
The expansion contract
The expansion contract which concerns employees of companies with at least 50 employees with the aim of retraining staff through early retirements and new hires. In this circumstance, a union agreement is necessary for the early exit of workers. The employee must:
- be within 5 years of achieving the requirements for an old-age pension or early pension. In practice, at least 62 years of age and 20 years of contributions;
- having reached the contribution requirements for the pension (at least 37 years and 10 months for men, 36 years and 10 months for women) regardless of age.
Isopension
Finally, in 2024 it remains valid isopension which allows you to retire 7 years early. This measure is foreseen for companies that declare they have redundant staff. To implement it, there must be a union agreement that establishes the number of redundancies. The worker considered redundant in the 7 years remaining before the old age pension receives an income equal to the future pension.
This measure is also applicable in fvoluntary footprint provided that no more than 7 years remain from obtaining the requirements to receive the old-age pension or early pension.
