Who can actually retire as of January 1, 2024?

Who can actually enter (well-deserved) retirement in the next twelve months? Today the situation is as follows. The long-awaited social security reform did not come with the new economic maneuver of the Meloni government, but the stamped draft of the 2024 budget law contains many innovations regarding retirement, from innovations regarding 103 quotas to new conditions regarding the women’s option. and the social Monkey. Therefore, as of January 2024, workers who want to retire without waiting for the conditions set by the Fornero law (age 67) will have to fulfill the conditions required by the new measure for early exit from work.

Who can retire in 2024?

As mentioned, the budget law awaiting final approval includes a “revised” version of quota number 103, which provides the opportunity to leave work at the age of 62 and pay 41 years of contributions. What changes as of January 1? Who can retire? Workers who do not meet these requirements will have to comply with the rules of the Fornero law: This means that those who have made at least one contribution by December 31, 1995 will be able to retire at age 67 and at age 20. men and women.

Workers who receive contributions after 31 December 1995, when they meet the necessary conditions (age 67 and 20 years of contributions), will receive 1.5 times the expected minimum amount, but only social aid (the amount of the latter will be €13 for 2023 compared to €469.03 in 2022). equals 503.27 euros per month for the month). For this category, also called “pure premium payers”, it will be possible to leave work early with 64 years of age and 20 years of age premium, provided that the pension amount is three times the minimum and reduced to 2. 8 times for women with one child and 2.6 times for women with two or more children.

New “adjusted” quota 103: all news

The situation is different for those who can benefit from the “correct” quota 103. If the issues in the draft are confirmed, private and public employees will be able to retire with 41 years of premium payment after reaching the age of 61, which is valid for both men and women. The maneuver brings other significant changes to Quota 103, which is in force in 2023. Firstly, in the pre-retirement years, and therefore until the age of 67, the benefit stipulated by the old-age pension cannot exceed this amount. More than four times the INPS minimum payment (i.e. around 2,270 euros). It is worth noting that the maximum limit of the allowance still exists today, but is equal to five times the minimum payment (2,839 euros). Therefore, it is a higher threshold than the one that should come into force from 2024. The second change concerns the calculation of the retirement benefit, which will be fully contributory for those who choose to benefit from quota 103 (as is already provided for the women’s option). Therefore, the amount of the pension will no longer be calculated by the (more generous) salary method for years worked up to 31 December 1995 and by contributions from that date, but will be based solely and exclusively on the contributions paid.

The latest news concerns exit windows, the period between when you meet the requirements and when you actually retire. Even on this front, the news is not good. Once the chronological age and required contribution quota are reached, a non-marginal portion of future retirees will actually have to wait to return to the rolling windows, a mechanism introduced by the legislature that could further delay the actual exit. from work. “Exit windows” can have a variable duration and are not intended for all social security benefits. In the case of quota 103 (age 62 and 41 years of contributions), they are already covered by the legislation in force in 2023, but for those who meet the requirements in 2024, the waiting period may be even longer. It varies between three and seven months for the private sector and six to nine months for public employees. In short, after the conditions for leaving the job are met, it will be necessary to wait a few months to receive the pension.

First workers and strenuous activities

Those who are called early workers and engage in activities defined as tiring will be able to retire early with 41 years of contribution; People who have accrued at least one year (or even non-permanent) contributions before reaching the age of 19 are divided into certain categories (in the most extreme summary: carers, the unemployed, workers with “heavy” duties whose working capacity is reduced by at least 74%). Instead, workers engaged in heavy activities can access early retirement with the “96.7 quota”, which refers to age 61 years, 7 months and 35 contributions. The subjects specified by the law are those working in quarries, mines or tunnels, divers, night workers working at night, workers in the “chain line” who constantly repeat the same work cycle, and public service drivers.

Social Bee and Female Option

Social Monkey has also been extended for the next year, but this is an allowance, not just a pension, because it makes it easier to stop work while waiting for the real retirement treatment. It is actually a valid option for workers in certain disadvantaged circumstances. (unemployed, caregivers, at least 74% disabled, workers doing “heavy” work). From January 1, 2024, in the absence of last-minute changes, it will be possible to access Social Bee at the age of 63 years and 5 months (no longer 63 years old, as in the previous maneuver) and 36 (or 30) years old. ) annual contributions. There are 12 monthly payments (without the thirteenth) and the installment amount cannot exceed 1,500 euros per month.

Also new for women’s option. For both employed and self-employed workers who fall into certain categories (carers, unemployed, at least 74% disabled), with at least 35 years of contributions, it will be possible to leave work after reaching the age of 61; Up to 60 if there is one child, or 59 if there are two or more children. So that’s one year less than the rules established in the previous version of the Women’s Option, where one could get a one- or two-year “discount” starting at age 60 and exiting at age 59 or 58.

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