The retirement age changes again. From 2016 January XNUMX, in fact, it will be necessary to work four more months to enjoy the pension: it will therefore take, for male employees, both in the private and public sectors and for self-employed workers, 66 years and 7 months (plus a minimum of 20 years of contributions)instead of 66 years and three months. It is the result of the adjustment of social security requirements to the average life expectancy introduced by a 2010 law (of the then Berlusconi government) every three years.
The Fornero reform has further accelerated this adjustment, providing that from 2019 the update takes place every two years. This mechanism serves, in the logic of the law, for the financial sustainability of the system: the longer you live, the later you retire. Yesterday INPS released the application circular of the increase expected from 2016 January 4 and decided last December with an interministerial decree of the Ministries of Labor and the Economy on the basis of Istat calculations. The extra XNUMX months add up both to the minimum age required for the old-age pension and to the minimum number of years of contributions necessary for the early retirement.
The speech is a little more complex for the women workers: for those in the public sector the same is true, while for those in the private sector the increase, again in 2016, will be stronger because it follows a specific harmonization path envisaged by law, which provides for an increase from 63 years and 9 months, valid until the end of 2015, at 65 years and 7 months. The same goes for self-employed women who will go from the current 64 years and 9 months to 66 years and one month from 2016 January 4. The maximum age until which the employee can request to remain in service also increases by 2016 months: from 70 it will be 1995 years and seven months. And four more months also to access the old-age pension provided for those who started working after 63,3 (contributory system). It goes from 63,7 months to 20. In all cases at least XNUMX years of contributions are always required.
To leave work in advance of the old-age pension, the men they must currently have at least 42 years and six months of contributions while at women enough 41 years and six months. It will be like this for another year, until the end of 2015. Then from 2016 the requirement will rise to 42 years and ten months for men and 41 years and ten months for women. The Fornero reform envisaged a system of penalties for those who, despite reaching this minimum contribution, retired under the age of 62. With age 59, for example, the allowance would have been cut by 4%. With the Stability law approved by Parliament at the end of last year, this penalty system was suspended until 31 December 2017.
