From January XNUMX next year, the pensions of Italians will be lower and more difficult to reach. The amount of social security checks will drop by an average of 3% and workers, in order to meet the requirements, will have to work at least three more months. How come? The root cause of these innovations is the mechanism that since 2013 will adjust to life expectancies the "how much" and "when" of pensions, ie the coefficients of transformation into annuities and the age requirements. The calculations and simulations were carried out by Progetica – an independent consultancy company in education and financial planning – and anticipated today by Corriere Economia.
The adjustment to the average life statistics will be triennial until 2019 and will become biennial thereafter. It will apply to the contribution system (which is based on contributions paid throughout the working life), extended by the Fornero reform to all workers for the period after 2012 January XNUMX.
In detail, the transformation coefficients represent the percentages applied to the contribution amount (the sum of the contributions set aside) to determine the amount of the pension. For example, taking as reference an amount of 100 thousand euros, with the adjustment to the new values of the average life, the amount of the check will drop from the current 5.620 to 5.440 euros.
As for the new requirements for entitlement to an old-age pension, a maximum limit of three months was decided for the first increase in the age limit (even if the average life span increased by around five): 66 years and three months for men, 62 years and three months for women (but for self-employed women it will rise to 63 years and 9 months).
On the other hand, you will be entitled to seniority allowances after 42 years and five months of contributions (today the requirement is 42 years and one month for men and one year less for women). In any case, until the end of 2015, women will be able to retire at 57-58 years of age (respectively for employees and self-employed) and 35 of contributions.
