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Italy’s 2026 Budget Sets Modest Pension-Age Rise, Ends Quota 103 and Opzione Donna

The government adopts a gradual life‑expectancy adjustment to preserve sustainability.

Overview

  • Old-age eligibility increases by one month in 2027 to 67 years and 1 month, then by two more months in 2028 to 67 years and 3 months, with at least 20 years of contributions.
  • Early-retirement contribution requirements rise to 42 years and 11 months for men and 41 years and 11 months for women in 2027, then to 43 years and 1 month and 42 years and 1 month in 2028.
  • Workers in officially designated arduous or particularly burdensome jobs are excluded from the increases, covering roughly 2% of annual INPS pension liquidations.
  • Quota 103 and Opzione Donna are not renewed and expire on December 31, 2025, closing the temporary early-exit routes.
  • Ape Sociale remains in 2026 at 63 years and 5 months with 30–36 years of contributions and a €1,500 monthly cap, and the tax-free “bonus Giorgetti” refund for those who delay retirement is extended through 2026.