Overview

• Under the Fornero mechanism, Istat’s longevity update triggers an automatic three‑month increase to 67 years and 3 months from 2027.
• A majority resolution and remarks by Economy Minister Giancarlo Giorgetti point to blocking one month of the rise in 2027 and another one or two months in 2028 for workers in strenuous roles and early starters.
• A safeguard for those already 64 and a new age criterion for early retirement are under study, which would exclude men with 42 years 10 months and women with 41 years 10 months under age 64 from the freeze, pushing exits to 43 years 1 month and 42 years 1 month.
• Treasury and State Accounting Office estimates value the full adjustment at roughly €3 billion a year at regime, while a targeted freeze could cut costs to about €1.5 billion in 2027–28 and near €2 billion annually thereafter.
• The package is set for the Budget Law with potential extensions of Opzione donna, Quota 103 and Ape sociale, plus a six‑month silence‑assent window to direct TFR into supplementary pensions, as unions criticize the approach and coalition parties calibrate trade‑offs.