Overview

• The government is considering suspending the automatic three-month increase only for those who will already be 64 in 2027.
• Limiting eligibility to near-retirees would cut the estimated annual cost to about €300 million from roughly €1 billion.
• The state accounting office has proposed an alternative that would limit the 2027 increase to just one month.
• Ragioneria warns that canceling the life-expectancy adjustment without updating transformation coefficients would reduce average pensions by about 9%.
• The potential freeze is not mentioned in the Documento programmatico di finanza pubblica and remains to be defined in the Manovra, drawing early criticism from opposition parties.