Pensions, early exits cost too much. Cuts coming for many
Il Economics and Finance Document recently approved by the government marked a clear stop to new forms of early retirement for 2025, mainly due to the growing costs weighing on the State. Public spending on pensionsalready high, is destined to grow significantly in the coming years, going from 337.4 billion this year to 368 billion in 2027.
As reported by The messengerproposals such as the establishment of a retirement with 41 years of contributions, regardless of age, are destined to be discarded. This decision is influenced not only by the costs mentioned, but also by various structural aspects of the pension system itself.
In the first place, the demographic trend of the country plays a significant role: the number of elderly people and pensioners is increasingwhile recording a decrease in the working age population. This means that there are fewer and fewer workers available to support the pension system through the payment of contributions.
Secondly, the increase in inflation represents another challenge. After a long period of absence, inflation has returned, which has led to an increase in pension spending despite previous government interventions to limit revaluations.
The third crucial aspect concerns the early exit from work compared to the retirement age envisaged by the Fornero reform. Although the introduction of the Quota 100 has allowed many to retire before the age of 67, this has led to a significant increase in costs for the State, almost doubled compared to the previous period.
The Def highlights that the European Commission will take into consideration the trend of net primary expenditure to evaluate public finances, and this parameter will be decisive for any infringement procedures. The pensions they represent the largest item among current expenses and are therefore the center of attention.
The government, second The messengercould adopt further measures to contain pension spending in the next one Maneuver, as already happened in 2023 with a series of cuts to different categories of workers. It is likely that we will continue along the path of automatically adjusting the retirement age to life expectancy and age cuts to revaluations for the highest pensions.