Pensions, all the innovations approved in the 2025 budget and what changes for minimum and early pensions

The Budget has been definitively approved: the 2025 Budget Law confirms the rules of the Fornero reform, but introduces targeted interventions on minimum pensions, revaluations and early exit at 64 for some categories. However, the changes remain limited and do not represent a comprehensive reform.

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Con the approval of the 2025 Budget Lawthe Italian pension system sees some important changes, but without an organic reform.

The main rules introduced by the remain in force Fornero law – retirement or old age pension – Quota 103, as well as social Ape and women’s option. However, there is news regarding the minimum pensions, revaluations of allowances and the possibility of leaving work early at 64 for a specific category of workers. The interventions are targeted, but will have a limited impact on the overall population of pensioners. Here is in detail what will change in 2025.

How pensions will change in 2025: the innovations approved in the Budget

One of the main innovations is the possibility of accessing the early retirement at 64 cumulating the pension accrued with the income from the supplementary pension funds. This measure, aimed at those in the contributory system, i.e. those who started working after 1996, allows them to reach the requirement of an allowance equal to three times the amount of the social allowance (around 1,600 euros). The objective is to facilitate access to early retirement, but with more stringent criteria: dal 2025 will be required 25 years of contributions, which will increase to 30 years in 2030.

Maneuver 2025, all the new bonuses contained in the Meloni government’s budget law

For those retiring from work in 2025, a slight decline in pension benefits due to the new transformation coefficients linked to the increase in life expectancy. With equal contributions paid, who who retires in 2025 will receive a lower amount than those who retired in 2024.

Finally, the mechanism continues pension revaluationwhich will adjust the checks to inflation, albeit with limited increases (+0.8%) due to the slowdown in the cost of living. Minimum pensions will also undergo a slight increase, going from 614.77 to 616.67 euros per month (+2.2%).

Despite the changes, the pension system remains anchored to existing legislation, leaving open the debate on a future structural reform.

Early pensions, who will be able to leave work at 64 in 2025: the requirements

From 2025, thanks to a change introduced by the Budget Law, those who have who started working after 1996 will be able to retire at 64 also accumulating the income from private pension funds. This opportunity is reserved for those who reach a pension amount equal to three times the social allowance, or approximately 1,600 euros per month. The aim of the measure is to facilitate leaving work for those who fall within the contributory system, but the conditions remain stringent.

Currently, this option requires at least 20 years of contributionsma from 2025, 25 will be needed, to reach 30 years in 2030.

The possibility therefore involves a very small audience, destined to grow slightly over the years. According to the State General Accounting Office, in the first year will involve only about a hundred people.

What changes for minimum pensions with the approval of the budget law

From 2025 the minimum pensions will undergo a slight increase in 2025, going from 614.77 euros to 616.67 euros per monthwith an increase of 2.2%. However, this adjustment is lower than the equalization expected in 2024, which was 2.7%. For 2026, however, the increase will decrease to 1.3%.

The revision is linked to the new transformation coefficients, which take into account the increase in life expectancy. This implies that, for the same contributions paid, those who retire in 2025 will receive a slightly lower allowance compared to those who left their jobs in 2024.

Pension revaluation 2025, the table of increases band by band

The 2025 Budget Law confirms the adjustment of pensions to the cost of living, although with lower percentages than in previous years.

For 2025, lestimated inflation is 0.8%with limited increases:

  • Up to 3 times the minimum pension (1,795.82 euros gross per month): revaluation at 100% of inflation.
  • Between 3 and 5 times the minimum pension (from 1,795.83 to 2,993.04 euros): revaluation at 90% of inflation.
  • Over 5 times the minimum pension (over 2,993.05 euros): revaluation at 75% of inflation.

These increases apply progressively. For example, anyone who receives 2,500 euros a month will see a 100% revaluation for the first band and 90% for the excess part.

Based on an estimate STATE of 1.6% inflation for 2024, increases will be modest:

  • Up to 3 times the minimum: +1.6% (16 euros for a check of 1,000 euros).
  • Between 3 and 5 times the minimum: +1.44% (39 euros for a check of 2,500 euros).
  • Over 5 times the minimum: +1.2% (58 euros for a check of 4,000 euros).

In summary, revaluations for 2025 will be modest, reflecting lower inflation than in previous years.

Source: www.fanpage.it