Retirement, 67 years is no longer enough. A new era of quitting work

There 2026 Budget Lawafter deducting possible amendments, points in a clear direction: age for retirement it’s still going up. 67 years is no longer enough due to the combined effect of a series of measures: flexibility rules that in recent years have ‘reduced’ somewhat the impact of the Fornero law, the 103 quota and the Women’s option were cancelled, and pension terms were adjusted to life expectancy, with an increase of one month in 2027 and an increase of two months in 2028.

The consequence is that they have to retire 67 years 1 month in 2027 And 67 years 3 months from 2028. Not only that, early retirement will also experience an increase in mandatory contributions compared to the current 42 years 10 months for men and 41 years 10 months for women. All this is part of the physiological shift towards retirement age, which essentially depends on the consequences of demographic trends and the increasingly stringent need to maintain the balance of the financial system.

However, the changes that occur as a result of this maneuver have an impact on the framework of the social security system. Apart from economic sustainability, it must also consider social sustainability. This matter was discussed extensively in a meeting organized by Acli Protectionfeaturing timely analysis by leading experts in the field of social security, from Tiziano Treu to the president of the Civil Inps Roberto Ghisellistems from the evidence of a long and in-depth research work, ‘Tracing the future. New generation pension prospects, edited by the Department of Political Science of the University of Perugia and coordinated by Prof. Stefano Giubboni.

The common thesis that emerges from this research is that the current system, which is now almost entirely contributory, as a result of critical labor market problems, results in distortion that needs to be corrected: it is necessary to find the key to solving the problem of sustainability over time, to guarantee adequate performance in the future, without sacrificing solidarity and equality between generations. In essence, labor reform is needed to stem labor problems and bad markets. However, a possible intervention in the field of social security is the guarantee of pension contributions; more explicit use of general taxation for adjustments and/or new instruments; real support for supplementary pensions.

The two main proposals put forward by the Patronage president of Acli are important, Paolo Ricotti. First, the original ‘flexibility package’able to restore stability, certainty and inclusiveness to the Italian pension system. The proposal considers allowing people to leave work between the ages of 63 and 65, with a minimum of 20 years of contributions, by setting benefits calculated in proportion to the age of entry. It is an approach that aims to overcome the temporary and selective solutions of recent years, restoring justice and certain rights for all workers. Second, the application for introduction of guaranteed minimum pension in a contributory system, to avoid situations of serious economic hardship.

What does all this mean? That the actions carried out through this maneuver must also take into account the health condition of the social security system and the corrective actions required in terms of flexibility. (From Fabio Insenga)