Pensions, what changes in 2024: the Budget law worsens the requirements and calculation rules

The new draft of the 2024 budget law has been released which clarifies a pension reform which in fact we can describe as worsening compared to the current rules.
In fact, the majority that had promised to overcome the Fornero law is now signatory to a reform which, although far from the one implemented in 2011, is similar in intention: cuts are in fact made in pension spending – for a value of around 2.7 billion euros – with the aim of recovering resources for other measures, such as cutting the tax wedge.
A reform which therefore penalizes all those who were hoping for significant innovations which would favor early access to pensions as well as increase the amount: not only are the requirements for access to flexibility measures revised upwards, but the revaluation mechanism is further worsened compared to what was already done by the last Budget law.
Retiring, all the news from 2024 Here is a list that summarizes the news contained in the latest draft of the 2024 budget law useful for answering the question of how one will retire in 2024: old-age pension: today you need 67 years to retire of age, 20 years of contributions and an allowance equal to 1.5 times the value of the social allowance (condition required only for pure contributors, i.e.
those who started working after 1 January 1996).
From next year it will be sufficient to have accrued a pension equal to 1 times the social allowance (which in 2024 should reach a value of 530 euros); early contributory pension, which today can be accessed by pure contributors who, upon reaching 64 years of age, have accrued at least 20 years of contributions in addition to a treatment equal to at least 2.8 times the value of the social allowance.
In 2024 this limit will be raised to 3.3 times: this means that to retire early you will need to have reached a pension of around 1,749 euros; Quota 103: goodbye to the measure introduced by the 2023 Budget law which for the entire current year allowed you to retire at the age of 62 as long as you have accrued at least 41 years of contributions.
In 2024 we will move to Quota 104, raising the age requirement to 63 years, while introducing a recalculation of contributions for those who access it.
However, the incentive in the pay slip is maintained for those who remain at work and postpone retirement; Ape Sociale, new requirements also for the pension advance which had now been extended without changes for several years.
In fact, the chronological age rises to 63 years and 5 months (compared to the current 63 years); Option Donna: differently from what was anticipated, Option Donna should resist but with even more stringent requirements given that the chronological age rises from 60 to 61 years.
The possibility of a 12-month discount for each child is then maintained up to a maximum of 24 months.
adjustments with life expectancies for early retirement return.
Decree no.
4 of 2019, in fact, established that for early retirement and early Quota 41 the next adjustment with life expectancies was scheduled for 1 January 2027, while the 2024 Budget Law brings it forward to 1 January 2025.
It must be said that this innovation it will not have practical implications, as Istat estimates tell us that no updates are scheduled until at least 31 December 2026.
read also Pensions, the government does not abandon the Fornero law but doubles it Pension calculation, all the news from 2024 As anticipated, the revaluation mechanism is also reviewed.
Above 10 times the minimum payment, in fact, the revaluation percentages are further worsened, which will mean that the increases recognized for inflation will be much lower than those of this year (also because the estimated rate is lower , equal to 5.4% compared to 8.1% in 2023).
In this regard, here is a table in which we compare the revaluation percentages implemented in 2023 with those planned for 2024: Check amount Revaluation 2023 Revaluation 2024 Up to 4 times the minimum payment 100% 100% Between 4 and 5 times the minimum treatment 85% 90% Between 5 and 6 times the minimum treatment 53% 53% Between 6 and 8 times the minimum treatment 47% 47% Between 8 and 10 times the minimum treatment 37% 37% Between 10 times the minimum salary 32% 22% As regards minimum pensions, however, there will be nothing new compared to this year: in fact the revaluation as foreseen by the 2023 Budget law will be confirmed, with an extraordinary rate therefore of 2 .7% for those under 75 and 6.4% for those above this threshold.
According to the estimated revaluation value, therefore, the minimum pensions next year could rise to a maximum of approximately 617 euros and 640 euros respectively.