From January 2023, XNUMX, the super revaluation of pensions. Economy and Finance Minister Giancarlo Giorgetti signed the decree which establishes, starting next year, an adjustment equal to +7,3% of pensions (slightly less than had been expected, equal to 8%). It can be read in a note according to which the increase, as required by current legislation, was calculated on the basis of the percentage change that occurred in the consumer price indices provided by Istat on 3 November 2022.
“To give an idea of the overall burdens on the pension spending as a result of the inflation indexing mechanism, the estimates of the income statement under current legislation discount an increase of 5,4 billion for 2022, followed by an increase of 21,3 billion in 2023, 18,5 billion in 2024 and 7,4 ,2025 billion in XNUMX″, The economy minister said Giancarlo Giorgetti in hearing to the joint special committees of the House and Senate on the Nadef, referring to the charges that weigh on the overall expenditure for pensions due to the inflation indexing mechanism. “Each of these increases is of a continuous nature, ie it drags on in the following years adding to the new increases for adjustment to the inflation expected in each year. “If we consider the period 2022-2025, pension spending will absorb resources of over 50 billion”.
Meanwhile, today comes the fourth aid decree.
Pensions, will the increases be enough?
However, the increase will only partially offset the effect of inflation. First, the percentage of 7,3 provisionally calculated on the basis of data provided by Istat, it will most likely be lower than the actual one. The estimate starts from the inflation that accumulated in the first 9 months of 2022 and assumes a further leap for October, but also a significant drop in the price index in the last two months of the year. Therefore the definitive rate should be higher than 8%; difference that can be made recover in 2024. Then we need to consider the tax effect: the progressiveness of personal income tax it reduces the net increase, which varies according to the effect of the tax levy on the various income brackets.
Full recovery for low checks
Meanwhile, it should be remembered that the increase will be triggered on the gross amounts, including the adjustment of the revaluation 2022 taken in November (+0,2%). The current system provides three bands for reassessment: the 100% of inflation, i.e. fully, for pensions up to 4 times the minimum (equal to approximately 564 euros with a gross adjustment of 7,3%), the 90% between 4 and 5 times the minimum and the 75% over 5 times. 90% of 7,3% means 6,57% and 75% means 5,475%.
Pensions, the Quota 41 hypothesis is back
On pensions, it remains under study 41 quota which should be accompanied by an age threshold (61-62 years) but only for next year, pending a structural reform that also affects supplementary pensions.
