Politics · Italy · 6 hrs ago
Italy to delay pension increases for 3.6 million people until early 2027
Italy’s social security agency, INPS, says 3.6 million pensioners with higher payments will get their increases by March 2027.
The delay applies to pensions above €2,447.40 gross a month; pensions up to four times the minimum will be adjusted from January.
The timing reflects the need to recalculate payments, and INPS says January payments have already been set.
A new system will divide pensions into six bands and restore between 100% and 32% of inflation, depending on the pension amount.
This means many middle- and higher-income pensioners will receive less than the full inflation adjustment.
Unions want the full increases paid in January and oppose the cuts, which the government expects to save more than €1.4 billion a year over the next three years.
INPS says the delayed differences will be paid by the end of the first quarter of 2027.
Italy’s social security agency says pension increases for 3.6 million pensioners will be paid by the end of the first quarter of 2027, rather than from January.
The delay affects people with pensions starting at €2,447.40 gross per month.
The agency said it needs time to process the increases because January pension payments have already been calculated.
The CISL union called for the full increases to be paid in January.
A new indexation formula will also reduce inflation adjustments for pensions above four times the minimum treatment.
- Who
- Italy’s social security agency, INPS, and 3.6 million pensioners.
- What
- Pension increases for pensioners with higher payments will be delayed until the first quarter of 2027.
- When
- The increases are due by the end of the first quarter of 2027, rather than from January.
- Where
- Italy.
- Why
- INPS said the delay is needed for technical processing because January pension payments have already been calculated.
INPS
CISL
Payment timing
INPS
INPS said the increases for affected pensions would be paid by the end of the first quarter of 2027 because of technical processing needs.
CISL
CISL called for the full increases to be paid in January.
INPS will apply the pension adjustment from January only to pensions up to four times the minimum treatment.
INPS said the adjustment differences for other pensions would be paid by the end of the quarter.
- Affected pensioners
- 3.6 million
- Pension threshold
- €2,447.40 gross per month
- January adjustment
- Pensions up to four times the minimum treatment
- Delayed payment deadline
- End of the first quarter of 2027
- Indexation formula
- Six bands, with inflation recovery rates from 100% to 32%
What people are saying
the technical time needed
to avoid then having to ask pensioners for money