Pensions, how the amounts change with the 2024 revaluation (the tables)

In the next few days the Ministry of Labor and Social Policies will formalize the revaluation rate with which pensions will be increased and adjusted to the cost of living.
In the meantime, this important value was anticipated by Il Sole 24 Ore, which exclusively revealed that the percentage change in the consumer price index for families of workers and employees, without tobacco, as definitively detected by Istat for first nine months of 2023 and estimated for the last quarter, it is equal to 5.4%.
In fact, the estimate that was made with the update note to the Def (as reported by us at Money.it) was met, confirming a new substantial increase after that already recognized at the beginning of 2023 (when the ascertained revaluation rate was of 7.3%) and that scheduled with the December adjustment (when the difference of 0.8% ascertained between the provisional and definitive revaluation rate, equal to 8.1%, will be applied to pensions).
In this regard, with the official nature of the revaluation percentages to be applied in 2024 as indicated in the text of the Budget law (for which there is still the possibility of modification) and the unofficial nature of the rate, we can finally answer the question of how much pensions increase starting from 1 January 2024.
Which pensions increase thanks to revaluation Revaluation, or equalisation, is the mechanism by which the amount of certain benefits is adjusted to the cost of living so as to prevent their devaluation; it applies to all treatments provided by public social security (therefore by the compulsory general insurance as well as by the related management of self-employed workers or by the substitute, exempt, exclusive, supplementary and additional funds).
Therefore, both direct and reversibility pensions are being revalued.
It also applies to welfare-type treatments, such as social allowance and pensions for civilian invalids.
How pensions are revalued With the revaluation, the index recorded by Istat is taken on the basis of the percentage change in consumer price indices for families of workers and employees, without tobacco and is applied to the amount of the pension updated on 31 December of the previous year on the basis of the relative percentage assigned for each income bracket.
In a first phase, however, the index applied is the provisional one as it is calculated on the basis of the variations ascertained for the first nine months of 2023 and estimated for the last quarter, equal to 5.4%.
Should the definitive rate be higher, an adjustment will be made in January 2025 with which the difference will be paid for the thirteen monthly payments received in 2024.
Having made the necessary clarifications, let's see how the 5.4% index will affect the check.
Only pensions whose amount does not exceed 4 times the minimum treatment (looking at the 2023 value) are in fact revalued at 100% of the rate.
Above this threshold, a reduced rate is applied based on the percentages introduced by the budget for 2023 and updated by the latest budget law.
In detail, considering that the definitive treatment ascertained for 2023 is equal to 567.94 euros (thanks to the 0.8% increase that will be carried out with the adjustment scheduled for December), the following rates will be used for the 2024 revaluation : Check range From To Equalization index Provisional inflation rate Actual revaluation Up to four times the minimum payment — 2,271.76 euros 100% 5.4% 5.4% Over 4 and up to 5 times the minimum payment 2,271 .76 euros* 2,839.70 euros 90% 5.4% 4.86% Over 5 and up to 6 times the minimum treatment 2,839.70 euros* 3,407.64 euros 53% 5.4% 2.862% Over 6 and up to 8 times the minimum treatment 3,407.64 euros* 4,453.52 euros 47% 5.4% 2.538% Over 8 and up to 10 times the minimum treatment 4,453.52 euros* 5,679.40 euros 37% 5.4% 1.998% Over 10 times the minimum 5,679.40 euros* – 22% 5.4% 1.188% * For pensions of an amount higher than the limit threshold but still lower than this limit increased by the amount of automatic revaluation due for the previous band, the increase of revaluation is attributed up to the aforementioned increased limit.
Examples of pension calculations Thanks to the above table, calculating the amount resulting from the revaluation is very simple, as it is sufficient to take the value of the pension updated as of 31 December 2023 and apply the expected percentage based on the income bracket to which it belongs.
In this regard, here is a table with some examples of how pensions will increase starting from January 1, 2024: Pension amount in December 2023 Revaluation IncreaseNew amount January 2024 507.02 euros (social allowance) 5.4% 27.37 euros 534 .39 euros 567.94 euros (minimum treatment) 5.4% 30.66 euros 598.60 euros 800 euros 5.4% 43.20 euros 843.20 euros 1,000 euros 5.4% 54 euros 1,054 euros 1,500 euros 5 .4% 81 euros 1,581 euros 2,000 euros 5.4% 108 euros 2,108 euros 2,200 euros 5.4% 118.80 euros 2,318.80 euros 2,500 euros 4.86% 121.50 euros 2,621.50 euros 2,800 euros 4.86 % 136.08 euros 2,936.08 euros 3,000 euros 2.862% 85.86 euros 3,085.86 euros 3,200 euros 2.862% 91.58 euros 3,291.58 euros 3,500 euros 2.538% 88.83 euros 3,583.83 euros 4,000 euros 2 .538% 101 .52 euros 4,101.52 euros 4,500 euros 1.998% 89.91 euros 4,589.91 euros 5,000 euros 1.998% 99.90 euros 5,099 euros 5,500 euros 1.998% 109.89 euros 5,609.89 euros 6,000 euros 1.188% 7 1.28 euros 6,071 .28 euros As anticipated, there is a protection mechanism for those who have a pension that exceeds the limit amount but is lower than this limit increased by the automatic revaluation quota due for the previous bracket: in this case the revaluation increase is attributed up to the aforementioned increased limit.
Let's think for example of a pension whose amount is between 2,271.76 euros and 2,394.43 euros: in this case you will still be entitled to an increase such as to bring the amount of the pension up to at least 2,394.43 euros.
The same mechanism will apply to all the other bands: it is, in fact, a procedure that guarantees that the revaluation cannot be less than the maximum increase attributable to the lower band.
Attention: all amounts indicated in this guide are to be considered before taxes.