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The government is working on a mini-pension reform that attempts to keep some retirement flexibility while also adapting the criteria to the enhanced life expectancy projected under the Fornero Law. The first automatic hikes in the retirement age will go into effect in 2027, with the age and contribution requirements gradually increasing over time. One of the upcoming proposals is the extending of the early retirement pension until 2029. This mechanism enables businesses with more than 15 employees to assist their employees in retiring up to seven years earlier than the statutory criteria, by covering the cost of the pension and contributions. Without regulatory intervention, the maximum early retirement age will revert to four years in 2027. Regarding retirement age, beginning in January 2027, one additional month will be required to obtain the old-age pension, with further hikes predicted in 2028 and 2029. For full-time contributors, the 71-year threshold will eventually rise to 71 years and five months. According to the unions, this risks penalizing young people, insecure workers, and those with discontinuous careers.
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