Overview

• Deputy labour minister Claudio Durigon proposes a voluntary channel to leave work at 64 by counting TFR held at INPS toward the three-times social allowance threshold (€1,616).
• The TFR would be converted into an annuity with favourable tax treatment, with access extended to mixed pre‑1996 careers and a requirement of at least 25 years of contributions for those needing the top‑up.
• Critics from CGIL, CISL and opposition parties argue TFR is deferred pay and say the plan makes workers finance early retirement, while costs remain unquantified and subject to Ragioneria review.
• In a separate notice, INPS states no derogation from the new rendimento rates applies to resignations from 65 to under 67 and confirms the ordinary termination age has been aligned to 67 for relevant public funds.
• With just 1,153 Quota 103 pensions paid in 2024, an extension appears unlikely, as the government signals a halt to the 2027 age hike tied to life expectancy and a probable continuation of the Bonus Giorgetti.