First application of the 2011 reform that adjusts the limit to life expectancy: the age limit of 67 years was confirmed with a ministerial decree based on Istat's final life expectancy for the entire 2017-2018 two-year period
by Davide Colombo
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In the absolute uncertainty about what will happen at the end of the Quota 100 trial, scheduled for the end of 2021, concrete news arrives for those who aim to retire with the ordinary requirements of old age. The age of 67 valid from this year will remain so until the end of 2022. The age limit has been confirmed with a Ministerial Decree based on the life expectancy ascertained by Istat for the entire 2017-2018 two-year period; a variation that was less than a month.
The adjustment will be valid for the two-year period 2021-2022 and represents the first application of the rule envisaged by the 2011 reform, since so far the administrative updates had a three-year duration.
In the two-year period 2023-2024 the requirement could increase by three months, according to the requirements estimated by way of example from the General Accounting Office in the Report on Pension Expenses published in September.
To access the old-age pension, it is worth remembering, a minimum contribution requirement of 20 years is required and, in addition, only for workers newly hired from 1 January 1996 for which the pension is entirely calculated with the contributory system, the allowance pension must be at least equal to 1.5 times the re-valued social allowance based on GDP performance. The 67-year limit remains valid until the end of 2022 also for access to thesocial allowance.
The adjustment of the retirement requirement to the change in life expectancy was instead frozen until 2026 for i early retirement with 42 years and 10 months of contributions (41 and 10 months for women) regardless of age. As will be recalled the January decree that introduced Quota 100 provides for those who reach this limit from 2019 a postponement of three months for the starting date of the first payment of the pension in the case of private sector workers and six months for the public sector.