UA significant change is looming on the horizon for Italian workers. The House Budget Committee approved an amendment introducing a new formula for access to early retirement at 64combining compulsory and complementary social security for the first time.
Retirement at 64, news in sight
The measure, which will come into force from 1 January 2025opens new scenarios for those who started working after 31 December 1995. These workers will be able to access the pension at 64 using a “bridge” mechanism with supplementary pension provisionwhich will make it easier to reach the minimum requirement for the pension allowance, set at three times the amount of the social allowance.
How the new rule will work
The new system, however, requires a more substantial contribution in terms of years worked. In fact, from 2025 the necessary contributions will increase from the current 20 to 25 yearsand then further increase to 30 years from 2030. A compromise deemed necessary to guarantee the sustainability of the system.
A significant change is on the horizon for Italian workers in the pure contributory system. (Getty Images)
No obligation
It is important to underline that those who do not want or cannot use the supplementary pension will maintain access to early retirement under the current rules: 64 years of age and 20 years of contributions, having to independently reach the threshold of three times the social allowance with only the compulsory pension.
What does supplementary pension have to do with it?
The reform, strongly supported by the League and announced by the Undersecretary of Labor Claudio Durigon, represents a turning point in the Italian social security panorama. For the first timeIndeed, the possibility of using the supplementary pension is introduced not only as a form of additional support, but as a tool to anticipate leaving the world of work.
Promote “poor pensions”
The stated objective is to address the problem of “poor pensions”a phenomenon destined to become accentuated with the progressive transition to the contributory system. Furthermore, the measure could only be the first step of a broader reform: the League has already announced its intention to extend this possibilityfrom 2026, also to workers under “mixed” regimei.e. those who started working before 1996. An extension that could affect around 80,000 people, although with significant costs for the state coffers, estimated at over a billion euros.
More flexibility when leaving work
The new legislation is part of the broader debate on flexibility when leaving the world of work. The aim is to try to balance the sustainability needs of the social security system with the need to offer more flexible options to workers. It remains to be seen how this change will be implemented by the labor market and what its concrete effects will be on potential beneficiaries.
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