The government is working not to disappoint workers who are hoping for a reform that will allow them to retire early with respect to what is established by the Fornero law, but in the meantime doing so balance the accounts.
In this regard, we have already talked about the difficulties dictated by EU constraints with respect to the plan return from debt which obliges the government to reconsider your plans about pensions And other support measures.
Of particular concern is Quota 103: the government’s initial plan was to move to Quota 41 for everyone as early as next year, but as explained by the Minister of Economy and Finance, Giancarlo Giorgetti, the priority is dictated by confirmation of the cut to the tax wedge which alone will cost at least 10 billion euros. Under these conditions, it is unlikely that there will be room to make the Fornero law more flexible: indeed, the risk is that for Quota 103, which expires at the end of the year, a new squeeze after what at the beginning of the current year saw the introduction of an exit penalty through a contribution recalculation of the allowance.
To date the feeling is that for Quota 103 there could be confirmation but with the revision of the retirement age. To retire, in fact, you must have completed at least 1 63 years of age. And obviously that’s not good news.
The difficulty of pension reform, Giorgetti’s admission
The Minister of Economy, Giancarlo Giorgetti, has always been rather frank regarding the difficulties of approving a pension reform in Italy to replace the rules imposed by the Fornero law.
Already last year, in light of the latest data on the birth rate which recorded a historical record for Italythe minister explained that under current conditions there is no pension reform sustainable for Italy.
Statements that effectively postponed any discussion of reform to an indeterminate future.
However, the hopes of those who anxiously await the overcoming of the rules imposed by Fornero were rekindled when Prime Minister Giorgia Meloni relaunched her government’s intention to approve a structural and sustainable reform by the end of the legislature, a hypothesis also confirmed by the Minister of Labor Marina Elvira Calderone who however added:
“It’s still too early to talk about it.”
No imbalance on pensions, nor on the new Irpef reform. We find ourselves in a “extremely complicated context”: for this reason the next budget law will require more time to reflect on the measures to be introduced.
The costly legacy of the latest budget law may lead to a worsening of retirement rules
It must be said that the latest budget law left the government with aexpensive inheritance. In fact, in the next maneuver, before thinking about the new measures, we will first need to find the resources to confirm:
- the contribution relief on the pay slip, thus avoiding a reduction in salaries;
- the Irpef rate of 23% (instead of 25%) for the second bracket;
- the extraordinary increase of 2.7% for pensions below the minimum;
- Social Bee and Women’s Option;
- Quota 103.
Precisely for this last measure, which in the last two years has allowed access to the pension with 41 years of contributions And 62 years of age (but in 2024 only for those who accept a recalculation of the contribution of the allowance) some reflections are underway.
While on the one hand the simplest solution seems to be to extend it for at least another year, and then hope for more favorable conditions for 2026, in the last few hours prices have been rising for a worsening of the measure which would be brought to 63 years of age keeping the requirement of 41 years of contributions stable.
From Quota 103 to 104 therefore, which would compromise the chances of retiring in 2025 for all born in 1963. As anticipated, it is still too early to make predictions, but what seems to be certain is that hardly in 2025 we can go to early retirement compared to the current year.
