Pensions, here are the increases (and debts) in May: who has the right to them?

There is good news for retirees (if not all). In fact, some increases in pensions are foreseen in May 2023: they will affect anyone who receives a check equal to or less than the minimum INPS treatment (about 563 euros), according to what is stated in the INPS circular. 35 last April 3 (You can view the full document here). In detail, the increase is calculated as 1.5 points for the current year, 6.4 points for 75 years and older and 2.7 points for 2024. The Inps circular also includes tables with some examples. So let’s do the math.

Basically, considering that the increase equals 1.5 percentage points for 2023, those under 75 and a total check will receive 563.74 (minimum INPS) 8.46 euros per month, or 572.20 euros in total. On the other hand, those over the age of 75 will receive an increase of 36.08 euros, which will increase the monthly allowance to 599.82 euros.

If the beneficiary turns 75 in 2023, the age of increase will be adjusted from the following month. If the total amount paid monthly is below the minimum application amount, the increase is accounted for on the basis of the same calculation. As stated in the circular, the increase is accounted for on the basis of the total amount of pension benefited by the beneficiary, based on the monthly gross amount determined according to the legislation in force before the effective date of Law No. 197 dated 2022.

Projected increases for pensions under minimum INPS-2 treatment

Effective from 1 January 2023 to 31 December 2024, the increase in pensions paid will be calculated by taking into account the INPS minimum pension amount foreseen for the reference years. The raise will be paid at the same pay rate (monthly, semi-annually or annually) as the pension and will be highlighted by a specific item on the monthly payroll. In addition, with the first payment, debts that must be paid as of January 1, 2023 or after the beginning of the pension are also paid.

Adjustments will be made on the basis of the final revaluation index during the 2024 offset. Equalization is the mechanism by which pensions are revalued according to the inflation rate on 1 January each year. last year

Next month’s pensions will be paid on Tuesday, May 2 (Monday will be Labor Day, May 1) for both bank account borrowers and Poste Italiane customers. For those who prefer to receive the check at post offices, the usual calendar has now been prepared in alphabetical order. Here it is below:

  • EU: Tuesday, 2 May 2023;
  • DC: Wednesday, May 3, 2023;
  • ATTACHMENT: Thursday, May 4, 2023;
  • LO: Friday, May 5, 2023;
  • PR: Saturday, May 6, 2023 (morning only);
  • SZ: Monday, 8 May 2023.

All retirees can view the payroll for each month by entering the designated area on the INPS website with their credentials.

Source: Today IT