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Italy’s 2026 Budget Phases In Pension Age Rise, Preserves Exemptions for Arduous Jobs

Officials say a full freeze would have cost about €3 billion.

Overview

  • The plan raises the statutory retirement age by one month in 2027 and two months in 2028 under the existing Fornero framework.
  • Workers in officially designated strenuous occupations, including metalworkers, doctors, nurses and preschool teachers, are exempt from the incremental increase.
  • The government presents the move as a fiscally constrained compromise compared with halting automatic increases through 2028.
  • Istat, citing the state accounting office, projects the retirement age will reach 68 years and 11 months by 2050 and about 70 years in 2067.
  • Coverage contrasts Italy’s path with France, where the reform was suspended after protests and the retirement age remains at 62 for now.