From 2019 you can go retired before the age of 67 – threshold imposed by the Fornero law, associated with at least twenty years of contributions – but with a penalty on the amount of the check, so as not to upset the public accounts. This is one of the measures being studied by the Government in view of the new budget law, which will be launched by mid-October.
In a summit at Palazzo Chigi - shortly before the Council of Ministers which approved the decree on immigration and security - the government discussed the update note of the Economic and Financial Document (Def), which must be published by Thursday and will contain the numbers on which the 2019 maneuver will be based: the forecasts (revised downwards) on the trend of the GDP and, above all, the objectives on the deficit and debt.
One of the pillars, on which the League insists, is the social security chapter. The objective of the 100 quota remains topical, i.e. the possibility of retiring when the sum of personal and contributory age equals at least 100. Originally there was talk of setting the minimum age threshold at 64, but then Matteo Salvini asked to lower the bar to 62.
If the line of the Northern League's deputy prime minister passes, therefore, it will be possible to retire at age 62 with 38 years of contributions, at age 63 with 37 years of contributions and at age 64 with 36 years of contributions. The situation is different, however, for the 65-year-olds: as explained to Gr3 by Alberto Brambilla, expert on pensions in the Lega share, for those aged 65, quota 100 should be transformed into quota 101, because under 36 years of contributions you shouldn't go down. This is one of the measures being studied to reduce the costs of the intervention.
Quota 100, in fact, would allow around 433 workers to retire in 2019 and would cost 8,6 billion. A lot, perhaps too much, considering that the entire maneuver should be worth 25-30 billion, but more than 20 are already committed: 2,5 for the lack of growth (which causes a drop in tax revenues and therefore, barring corrections, a increase in the deficit), 4 for additional expenses on public debt interest, 12,4 to defuse the VAT increase and 3,5 for expenses that cannot be postponed.
For this reason, the Government is evaluating other corrections that further reduce the cost of the 100 quota. For example, for early retirement, it is planned to calculate all payments after 1995 using the contributory method: in this way the amount of the pension would also be reduced by 10-15%. Furthermore, taxpayers should be allowed to count a maximum of two years of notional contributions.
The second hypothesis provides a pension cut of 1-1,5% for each year in advance compared to 67 years old. This penalty, however, would be removed upon reaching the age of 67, when the full pension would start.
Alternatively, it is also discussed about a permanent cut, but in this case the penalty would be lower: 0,5-1% for each year in advance.
