This year, the pension regulation will come a month early, on December 1, 2023 to be exact. We read this in the 3.2 billion dollar “advance decision” added to the maneuver initiated by the Council of Ministers recently. Installments for updating pensions with inflation, initial allocation for contract renewals in the Public Administration, a number of additional resources for the immigration emergency. The document therefore envisages an equalization of 0.8%, which will serve to compensate for the actual inflation of 8.1% recorded last year and calculated so far at 7.3%.
How much will the checks increase?
The adjustment is not significant in itself, but it needs to be added to the previously projected indexation for inflation calculated in 2022. The check, which at the beginning of the year was one thousand euros per month, has already increased by 73 euros due to the previously calculated revaluation. It will be adjusted by another 8 euros, reaching approximately 1081 euros. And during the year, debts for previous months, calculated starting from January 2023, will also arrive. However, not all pensions will have the same revaluation: 100% revaluation of pensions, as a result of the cuts introduced by the budget law itself Inflation will affect pensions by up to four times the INPS minimum payment, i.e. up to 2,101.52 euros gross. For the others we will proceed gradually: 85% for pensions up to €2,620, 53% for pensions up to €3,150, 47% for pensions up to €4,200, 37% for pensions up to €5,250 and on the 32nd.
The adjustment will follow the same criteria: Only pensions up to 2,100 euros gross will benefit from the 0.8% increase, while for others it will progress gradually. Those who receive a check for 2,500 euros will benefit from an increase of 17 euros, those who receive a check for 3 thousand euros will see around 12.72 euros, and those who receive 6 thousand euros will see around 15 euros.
from 103 to 104
The maneuver transforms quota number 103 into quota number 104, guaranteeing early exit at age 63 for the bulk of the audience, and with variable contribution seniority this period will be 36 years for unemployed men engaged in “heavy” activities, carers or invalids; 35 years of age for women; 41 years for all other categories of workers. The government is sending Social Monkey, Women’s Option and the previous Quota 103 through the roof to fund the new flexibility tool being introduced. In fact, the minimum retirement age threshold for almost all workers is rising from 62 to 63. The opportunity for early retirement with a premium of 42 years and 10 months for men and 41 years and 10 months for women, regardless of their age, as currently foreseen by the Fornero Law, has not changed. The same goes for so-called “early workers”, those who have 12 months of effective contributions before turning 19 and can retire with 41 years of contributions. There is no change in the old-age pension, which remains constant over the age of 67 and the 20-year premium. The budget law should include incentives for those who decide to stay at work and penalties for those who choose to leave work early.
Follow today on the new WhatsApp channel too
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.
