Pensions, how much those who go there will get in 2024

With the (almost) official nature of the Budget law we can answer the question of what is needed to retire in 2024: from Fornero to the confirmation of Quota 103 (but with penalties), to which are added the Women's Option and the Social Ape.
At this point, all we have to do is answer the question of how much pension those who go there in 2024 will get, analyzing the rules for calculating the allowance.
Rules that do not undergo any differences compared to 2023: we therefore continue to divide the contributions based on the period in which they were accredited, using the transformation rules envisaged by the remuneration system for those that refer to the years prior to 1 January 1996 and those of the contributory for subsequent periods.
In the sole case of those who have accrued at least 18 years of contributions as of 31 December 1995, the salary rules apply until 31 December 2011 while those of the contributory ones for the years to come.
Without forgetting, moreover, that both for Women's Option and for Quota 103 those who retire must accept a totally contributory pension calculation.
An operation that in most cases generates a disadvantage, as the contributory system is more disadvantageous than the salary system.
In this regard, let's see what the rules are for calculating the pension for those who will go there in 2024: we will try to simplify it as much as possible, so that even the less experienced can get an idea about it.
How to calculate the pension with the salary system As anticipated, the pension is usually made up of two portions: one calculated with the salary rules and another to which the contributory ones apply instead.
A calculation that is defined as "mixed", where the sum of the two components will return the overall perceived value.
In detail, in the case of the remuneration system, the pension treatment in turn is calculated in two different quotas: Quota A (seniority accrued as of 31 December 1992) which consists of the average of the last 5 years (i.e.
260 weeks) of the earnings received by the worker private sector employee, or even final year for the public sector employee.
For self-employed workers, however, we look at the last 10 years (520 weeks); Quota B (seniority accrued from 1 January 1993 to 31 December 1995, or 31 December 2011 for the worker who can boast at least 18 years of contributions by this date).
For Quota B, the remuneration of the last 10 years is taken into account for both private and public employees, while for self-employed workers the last 15 years.
In fact, the remuneration system is convenient because the wages received in the last years of work are considered, which are also assumed to be the highest.
Of the average value, subject to revaluation based on the cost of living, only a part is taken – the so-called rate of return – for each year of contributions accrued.
The rates of return may vary depending on the sector to which they belong, but generally it is equal to 2% for each year of contributions, up to a maximum of 80%.
For a worker with 10 years of contributions in his salary, for example, the portion of the pension calculated in this way will be equal to 20% of the average wages received in the last years of his career.
How to calculate your pension with the contributory system Even easier to calculate your pension with the contributory system.
Here the reference parameter is the so-called contribution amount, i.e.
the set of contributions accrued during the career and revalued based on the cost of living.
In this case, therefore, the best salaries are not taken but the pensioner's entire career is looked at: which is why those who have earned little or in any case have several periods of unpaid contributions are at a disadvantage.
We remind you that 33% of the salary received is usually paid in contributions, of which 1/3 is paid by the worker and 2/3 by the company: on a Ral of 30,000 euros, for example, 9,900 euros in contributions are paid.
The total, the revalued contributions (in this regard it is worth underlining that the revaluation percentages for 2024 are not known both for the salaries in the remuneration system and for the contributions in the contributory one), constitute the contribution amount which is transformed into a pension by applying a coefficient that varies depending on the age at which one stops working.
The later you retire and, given the same contributions, the higher your benefit will be.
In this regard, the so-called transformation coefficients applied in 2024 are the same as those in 2023, such as: Age Transformation coefficients 2023-2024* 57 4.270 58 4.378 59 4.493 60 4.615 61 4.744 62 4.882 63 5.028 64 5.184 65 5,352 66 5,531 67 5.723 68 5.931 69 6.154 70 6.395 71 6.655 * Percentage value For those who retire at 67 with the old age option, therefore, a coefficient of exactly 5.723% is applied: for example, let's think that this person has accrued a contribution amount of 300,000 euros, he will have approximately 17,170 euros in pension, therefore approximately 1,320 euros gross: sum from which the taxes due must be subtracted and possibly added the amount calculated with the salary.