Politics · Italy · 1 day ago
Italy weighs a new early-retirement option at 64
Italy’s government has set aside €850 million for possible pension changes in its 2027 budget.
The League party is proposing a new early-retirement route for workers aged 64 with 36 years of contributions, potentially including people who began paying in before 1996.
The proposal is not yet law, and the budget does not spell out its rules.
Early estimates put the cost above €1.5 billion, more than the money set aside, so the plan may need to be limited or changed.
From 2027, standard pension age and contribution requirements are due to rise by one month as they adjust for life expectancy.
The new rules would make retirement slightly later, with a further two-month rise in all ages planned from 2028.
The government must approve the budget by 31 December, and the details of any pension change remain to be decided.
Italy’s government is weighing a proposed early-retirement option allowing workers to retire at 64 with 36 years of contributions.
The proposal, backed by the League, is not yet law and its rules remain unclear.
A government fund of €850 million has been set aside for future pension measures, but early estimates put the proposal’s cost above €1.5 billion.
The League says the option would let workers choose to retire three years before age 67.
A separate adjustment will raise several pension age and contribution requirements from 2027.
- Who
- The Italian government is considering a proposal backed by the League, led by Matteo Salvini.
- What
- A possible early-retirement route at age 64 with 36 years of contributions. Its rules have not been settled.
- When
- The proposal is being considered for the 2027 budget. The government has not confirmed when or whether it will take effect.
- Where
- Italy.
- Why
- The League says workers should be able to choose to retire three years before age 67. Salvini said workers should not be kept at work until 67.
The League
Fratelli d’Italia
Scope of early retirement
The League
The League is pushing for a new option at age 64 with 36 years of contributions, potentially including people who paid contributions before 1996.
Fratelli d’Italia
Marco Osnato says the measure may need to focus on groups such as workers in physically demanding jobs, rather than all workers eligible at 64.
Purpose and scale
The League
Salvini presents the proposal as a way to let workers retire three years before age 67 and to move beyond the Fornero law.
Fratelli d’Italia
Osnato says he does not think the proposal would amount to overcoming the Fornero law and says a broader pension reform should wait for better economic conditions.
Automatic enrolment of newly hired workers in pension funds began, according to Milano Finanza.
Milano Finanza and Sky TG24 reported on the proposed early-retirement option and the €850 million government fund.
Milano Finanza reported that a pension-fund payout option spread over five years was due to begin.
Pension age and contribution requirements are set to rise by one month under the adjustment linked to life expectancy.
- Proposed retirement age
- 64 years
- Proposed contribution record
- 36 years
- Government fund
- €850 million
- Estimated proposal cost
- More than €1.5 billion
- Retirement age from 2027
- 67 years and one month for the standard old-age pension
- Initial Quota 100
- 62 years of age plus 38 years of contributions, introduced for 2019–2021
3 sources
Pensione a 64 anni: cosa è già legge, cosa è solo proposta e quanto si perde sull'assegno dal 2027
Pensioni in manovra: nuova Quota 100 a 64 anni, requisiti più alti dal 2027 e tre nuove rendite per i fondi. Ecco tutti i calcoli
Pensione anticipata a 64 anni, la proposta della Lega per la Manovra divide il governo
What people are saying
This year we have set aside, to start with, 850 million to overcome the Fornero law, which sends Italians into retirement at 67.
With this measure, those who want to will be able to retire three years earlier, at 64, because you cannot keep millions of women and men at work until 67.
Since there is no fundamental opposition, the government decided to set aside an amount and see how to achieve this change.
I do not think this is overcoming the Fornero law.