Overview

• The government is discussing a freeze of the automatic three‑month increase only for people who will be 64 in 2027, leaving others under the scheduled rise.
• Early estimates suggest the narrower measure would cost roughly €300 million a year versus about €1 billion for a universal suspension.
• An alternative floated by the Ragioneria generale would scale the 2027 hike down to a single month instead of three.
• The Ragioneria highlights that dropping the life‑expectancy adjustment without revising transformation coefficients risks reducing pension amounts by around 9%.
• The option was absent from the latest programmatic budget document and remains subject to decisions in the upcoming budget law talks.