Should retirees wait for a new raise? And what treatments will be affected? “We will hold a cabinet meeting on May 1 where there will be a substantial and substantial increase in payrolls and a lower increase in pensions,” Deputy Prime Minister and infrastructure minister Matteo Salvini said a few days ago.
We are trying to clarify. He starts talking about raises that have already been created but not yet paid. With the 2023 stabilization law, in addition to re-determining the percentages of indexation of pensions to inflation (this has already come into effect), the government has actually introduced an additional increase for checks equal to or lower than the minimum INPS application (which is about 563 euros) 1.5% for 2023 and 2024 increased by 2.7%. However, the increase was increased to 6.4% for those aged 75 and over. This means that with a €563.74 check, you are entitled to a little more than €8 on the receipt, which is about 36 for pensioners aged 75 and over.
These increases are currently only on paper. In early April, INPS issued a circular formalizing the increases, but the actual payment date is still unknown. Translation: This extra money is said to arrive in May. What is certain is that holders of minimum pensions will also be eligible for debt payments, as budget law determines that the increases relate to payments “for each month from January 2023 to December 2024, including the thirteenth month due.”
Hypotheses about new increases
So far we have talked about measures that have already been put on paper and approved by parliament. But Salvini’s words show that the government intends to do more. Given that the “little treasury” of 3.4 billion, which the majority managed to find in multiples of the budget, has already committed to reducing the tax bracket (not for pensioners), if resources allow. So what is the manager’s intention? One of the hypotheses is that the government has decided to bring the 2.7% increase due to minimum pension holders from January 2024 a few months earlier. There is talk of an increase of about ten euros, which can be noticed in the summer.
Another possibility on the table is to push the revaluation adjustment forward a few months, or to highlight the difference between expected and actual inflation after what the Draghi government has already done. In this case, all retirees, not just minimum beneficiaries, can benefit from the adjustment. These are just hypotheses. But Salvini’s words suggest that the government is exploring ways to intervene. We will find out how it will be only after the council of ministers.
Source: Today IT
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
