Change (still) the retirement age, increased to 66 years and seven months – BBC

Milan , March 20, 2015 – 15:59

     
     
 

From January 1, 2016 have to wait four more months to retire. It is the result of the requirements of social security to the expectation of average life introduced by an Act of 2010 (Berlusconi) every three years. And that reform Fornero has accelerated, providing that from 2019 the upgrade takes place every two years. This mechanism is used, in the logic of the law, for the financial sustainability of the system: the more it stretches the length of life, later he retires. INPS has released in the last hours the circular application of the shot required by January 1, 2016 and decided last December with an inter-ministerial decree of the Ministries of Labour and the Economy on the basis of the calculations Istat. The 4 more months are added to both the minimum age required for the old-age pension is the minimum number of years of contributions needed to take early retirement.

Pensions old

This means that from January 1, 2016 to employees males, both the private and the public, and the self-employed, to go to the old-age pension will not be enough over 66 years and three months of age, as until the end of 2015, but it will take 66 years and seven months (in addition to a minimum of 20 twenty years of contributions). Same thing for employees in the public sector, while for those in the private sector the increase, also in 2016, will be stronger because it follows a specific path of harmonization required by law, which provides for an increase from 63 years and 9 months, valid until the end of 2015, at 65 years and 7 months. Much the same for self-employed women who from the current 64 years and 9 months to 66 years and one month since January 2016. Increases also the maximum of 4 months of age up to which the employee may request to remain in service: 2016 will be 70 years and seven months. And four months longer for access to a retirement pension provided for those who began working after 1995 (contribution system). It went from 63.3 months in 63,7.In all cases are always required at least 20 years of contributions.

Early pension

To leave the work in advance of the old-age pension, men must have currently at least 42 years and six months of contributions while women are enough 41 years and six months. It will be so for another year, until the end of 2015. Then in 2016, the requirement will increase to 42 years and ten months for men and 41 years and ten months for women. The reform Fornero provided for a system of penalties for those who, despite reaching this minimum contributory, was retired with less than 62 years of age. 59 years, for example, the check would be cut by 4%. With the law Stability approved by Parliament at the end of last year this system of penalties has been suspended until 31 December 2017.

house in 70 years?

The tables prepared by the General Accounting Office of the State at the time of the reform Fornero develop until 2050 and over the consequences of the rule on ‘periodic adjustment of the requirements to life expectancy. Based on these estimates, however, confirmed by click decreed for 2016, the age for the old-age pension will rise progressively up to 70 years in 2050, when the years of contributions to get an early pension will be arrived at age 46 and 3 months.

March 20, 2015 | 15:59

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