In 2024, it will be more difficult for Italians to retire early. The measure, approved at the photo finish on December 29 and financed by an extra deficit of 15.7 billion euros, gives a glimpse of a difficult future for those who want to leave their families. things in advance.
Maneuver is the law: What’s changing for pensions, rents and mortgages
There is no deduction for those who decide to retire by December 31 of this year. Cuts to benefits will instead be triggered for early retirement. However, it will be necessary to wait for the next few months for the general reorganization of the sector. Therefore, the issue remains on the government’s table as an overall reform of the social security system is expected, given the country’s gradual aging in the face of a low birth rate.
Quota 103
Fornero’s law was not canceled and no measures were introduced to lower the retirement age, as proposed in the election campaign. In fact, definitely stricter requirements have been introduced. The Fornero system for pensions in 2024 will remain the same as in Quota 103: the basic requirement remains age 62 and at least 41 years of contribution payments, but the allowance needs to be recalculated based solely on contributions and is no longer based on the mixed salary system-contributors is available. There is also a penalty so that the gross value of the benefit does not exceed 2,272 euros per month until you reach the age of 67.
Social Bee and Female Option
It is not a real pension, but a “bridge allowance” for vulnerable workers who will be able to access the social bee in 2024. Only those who have been supporting their spouse or relative for the first time for at least six months on the date of request and those with serious disabilities who can benefit from this channel for at least six months or who are living together in the second degree (parent, child); Civil disabled people with a disability level equal to or greater than 74 percent, 30 years of contribution, and aged 63 years and 5 months.
How will pensions change in 2024?
The women’s option for early retirement, reserved for female caregivers, a 74 percent disability rate, and the layoff option are also on track but have been significantly reduced. In fact, in order to access this early retirement channel in 2024, you will need to be at least 61 years old and have 35 years of contributions. Mothers are given a discount, but the allowance is calculated using the contribution method, which penalizes women.
Doctors’ pensions
After lengthy mediation, the government decided not to affect the pensions of doctors, local government officials, teachers and bailiffs. The pension cut situation has been resolved as white coats can continue working until they are 70.
Early retirement in 2024
In addition, in 2024, it will be possible to leave working life at the age of 64 and with a 20-year bonus. But these requirements are no longer sufficient. For those retiring early next year, the deduction is reduced by one-36th for each additional month on the job, until it reaches zero after three more years of employment. That’s not all: there is also a maximum limit that the social security check cannot exceed, regardless of how much is paid: five times the INPS minimum.
Workers who enter the contribution system will also have the opportunity to benefit from the “contribution peace” to close social security gaps for a maximum of five years in the two-year period of 2024-2025. The period that can be covered thanks to the contribution agreement is between January 1, 1996 and December 31, 2023. However, this type of early retirement is also calculated by the mixed method for workers who fall into this calculation regime.
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.
