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Italy Weighs Targeted Pause to 2027 Pension-Age Increase for Workers Already 64

A narrower fix under budget pressure would curb costs to about €300 million versus roughly €3 billion for a blanket freeze.

Overview

  • The government is considering suspending the planned three‑month rise only for people who will be 64 in 2027, limiting the number of beneficiaries.
  • The state accounting office has proposed an alternative that would raise the age by just one month in 2027, with a possible mobile window also under review.
  • The idea does not appear in the Documento programmatico di finanza pubblica and will be hashed out in the upcoming budget process.
  • Technical officials warn that stopping the life‑expectancy adjustment without changing transformation coefficients would cut pension amounts by about 9%.
  • Opposition parties, including Idv and the Five Star Movement, have criticized the approach as falling short of pledges to roll back the Fornero reform.