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Editorial Board
27 December 2020 09:12
The government’s plan to exceed Quota 100 provides for new flexibility starting at a minimum of 64 years of age and 38 contributions (a quota of 102 in fact). Il Sole 24 Ore talks about it today, explaining how the executive intends to continue spending around 5 billion and possibly fall to 3-4 in the next few years.
Retired at 64 with 38 contributions: the government’s plan to exceed Quota 100
According to this scheme, the pension reform aims at an intervention with positions decidedly lower than the allocations foreseen at that time by the yellow-green “Conte 1” with the maneuver 2019 and decree no. 4 of 2020: almost 4 billion last year, 8.4 billion in 2020, and around 8.7 billion in 2021, keeping the bar above 8 billion in subsequent years as well. This is the hypothesis that the government will present to the unions:
A new flexibility from a minimum of 64 years and 38 contributions (a part of 102 in fact) with the full adoption of the contribution calculation method at least in the years remaining to reach the age limit of 67 (penalty of 2.8-3% for each anticipated year) and with an at least partial restoration of the automatic adjustment mechanism to life expectancy, blocked until 2026. An intervention that could be accompanied by more generous requirements (62 years of age and a lower “minimum” contribution) and lighter “penalties” for workers performing demanding activities.
But for now there is a wall on the other side of the fence. Unions are pushing for broad flexibility starting at age 62 or alternatively up to a 41 quota for everyone and not just precocious workers. But in this case the costs would rise to 20 billion. And the other items of the reform would fly, namely:
- the guarantee pension for young people (a kind of minimum supplement not provided for in the contribution system);
- the revaluation of checks, which was blocked by the budget law.
The problem of supplementary pensions also remains on the table along with tax discounts. Meanwhile, the budget law that will be approved at the end of the year brings with it the one-year extension of the Ape sociale and the Woman Option and the implementation of the Council’s latest ruling on gold pensions. With the adjustments made in the Chamber, the ninth safeguard for the exodus and the extension of the iso-pension for 3 years came into play.
