La Maneuver 2024 will involve a general tightening of pensions, with the maintenance of Quota 103 and some changes for public and private workers. The idea of Quota 104 is therefore over, while the Social Ape and the Women's Option will have more rigid requirements, and the average pensions will no longer be adequate for the increase in the cost of living.
In 2024, it is estimated that only approx 17.000 workers they will be able to access the pension with Quota 103 (having at least 62 years of age and 41 years of contributions), according to the Technical Report attached to the Budget law sent to Parliament. This estimate is influenced by the fully contributory calculation of the pension allowance and by the ceiling of four times the minimum payment (equal to 2.252 euros gross) until reaching retirement age (which was five times in 2023).
Le pensions up to 2.000 euros per month will be fully revalued, while those between 2.000 and 2.627 euros will have a revaluation of 85%. Pensions over 10 times the minimum (over 5.000 euros) will see a reduction in the revaluation rate from 32% to 22%. Pensions between 5-6 times the minimum will be revalued at 53%, between 6-8 times at 47%, and between 8-10 times at 37%.
In 2025, approximately 25.000 people could access the measure and will meet the requirements in 2024, while 2026 people would be expected to qualify in 3.000.
The Report highlights that the pension cost of the measure is expected to be 112 million in 2024, 804 million in 2025 and 414 million in 2026. For 2027, a saving of 151 million is expected. Furthermore, there will be additional charges linked to the advance of the severance pay. Overall, the total costs of the measure amount to 149 million in 2024, 835 million in 2025 and 355 million in 2026, while savings of 2027 million are expected in 160.
Quota 103 confirmed, but with new limits
La possibility of early retirement with 62 years of age and 41 years of contributions is confirmed for 2023 and 2024, but there are some differences compared to the current Quota 103:
- The period of the so-called window (i.e. the waiting period to obtain the first pension installment once the requirements have been met) extends to 7 months for private workers and 9 months for public workers
- The pension allowance will be calculated only using the contributory system, including for contributions previously accrued in the salary system
- The monthly allowance cannot exceed approximately 2.272 euros gross (four times the minimum payment) until the age of the old age pension (67 years)
- Those who remain at work could receive an additional bonus
Social Bee
THESocial bee, a measure that allows the unemployed, disabled and caregivers to leave work early with a bridging allowance until they reach the pension requirements, is extended by one year but with a new twist. In the past, to access this option, 63 years of age and 36 years of contributions were required, while now require 63 years and 5 months of age with 36 years (or 30) of contributions for those in difficult conditions, such as the unemployed, assistants of disabled family members, people with at least 74% disability, and workers in demanding occupations.
In 2024, it is expected that around 12.500 people will be able to access the measure, with an estimated cost of 85 million. In 2025, 11.100 people are expected to leave with a cost of 168 million, while in 2026, it is estimated that 8.000 people will benefit from the social Ape with a planned cost of 127 million. In 2027, the estimate is 3.400 people with an estimated expenditure of 67 million.
Option Woman
The measure ofWoman option, which allows female workers to retire early with a reduction in their allowance, has been extended.
However, there is a one-year increase in the minimum age from 60 to 61 years plus 35 years of contributions; the age can decrease to 60 years in the presence of one child or to 59 years in the case of multiple children.
In 2024, only 2.200 people are expected to exit with this option, with an estimated spend of 16,1 million. In 2025, 3.000 exits are expected with a projected expenditure of 44,9 million. In the first quarter of 2023, there were 2.228 releases with the Women's Option. The 12-month windows for employees and 18 months for self-employed workers remain confirmed.
Old-age and early pension
The rules for old age pension remain unchanged, with a retirement age of 67 and a minimum of 20 years of contributions.
For the early retirement in 2024, different requirements are required for men and women. Men must have contributed for 42 years and ten months, while women must have accumulated 41 years and ten months of contributions to access early retirement.
Doctors protest: "ready to strike"
Currently, there is a controversy over pension cuts within the governing majority. The rule under discussion aims to review the pension calculation mechanism for workers who find themselves between the salary and contributory systems, in order to make it similar to that already applied to other categories of employees. In practice, for employees of local authorities, teachers, bailiffs and healthcare personnel, there is a restriction on the salary quota in the case of workers with less than 15 years of contributions. The change aims to generate savings for public finances, but is the subject of strong dissent from the recipients of the measure, in particular medical staff who are threatening a general strike.
Doctors' unions are protesting against the salary reduction rule because it produces cuts to pension returns and because they believe that this measure would hit doctors hard and could cause a significant exodus of professionals from the National Health Service. A prospect considered "unacceptable". Therefore, doctors' unions, such as Anaao-Assomed and the Cimo-Fesmed union, are threatening a strike by December.
