[PDF] pension age italy

What is the retirement age in Italy?

Italy has among the highest future normal retirement age of 71 years, along with Denmark (74) and Estonia (71) against an OECD average of 66 years for the generation entering now the labour market. In Italy and these two other countries, all improvements in life expectancy are automatically passed into the retirement age.

When can I claim my pension in Italy?

Most significantly, the government announced it would allow residents to claim a state pension after making 41 years (or 42 for men) of social security contributions, regardless of age. More wide-ranging reforms to Italy’s pension system have been delayed until at least 2024.

What is the pension age in Europe?

Most Europeans are much older than 62 when they begin to receive state-pension payouts. Britain’s pension age is 66. Germany’s is 67. France has two pension ages: a legal minimum of 62 years, at which a full pension is paid if the required number of contributions has been made, and 67 years, at which point a full pension is paid regardless.

How has the pension system changed in Italy?

Starting from the ‘90s, the Italian pension system has undergone several structural reforms. Until the Amato Reform of 1992 the wage-based system prevailed: the worker received the pension according to the average salary he/she earned in the years before retirement, recalculated for each year of contribution.