Friday , September 17 2021

Covid changes controls: when new pensions arrive

he retired earlier covid. The dramatic situation that brought the country into the pandemic actually left its mark on life expectancy. All of them have inevitable consequences on the social security system. The death toll in 2020 has cut life expectancy to 82 years, according to the latest available data. But be careful: this figure will have consequences not only on leaving the business world, but also on the amount of benefits. Indeed, as Italia Oggi recalls on conversion coefficients, new life expectancy will have a decisive weight. This is the main parameter that determines the amount that the individual pensioner will collect.

Two-year period to be considered

The next step to watch out for is 2023. In fact, the new regulation calculated on the death rate found in 2020 will be triggered. According to the estimates, the new coefficients should jump to 2013 in time. A positive window will open for controls, which will lead to a cessation of cuts and a slight increase over the two-year period 2023-2024. Those who had access to retirement at the time could take home a much heavier check than previously expected. After that, by 2025, life expectancy is expected to return to pre-Cocvid levels with a different adjustment for benefits and retirement age. This detail, which will concern the years 2023-2024, should not be overlooked. In fact, all revisions of the coefficients so far have led to a cut in the check. After a few years, unfortunately, the premium and social security situation may change thanks to Covid.

Change the exit age

But the news does not end there. Now let’s consider the retirement age. With its declining life expectancy, it will essentially prevent the projected requirements for 2023 and 2024 from increasing. Therefore, the 67-year-old wall will remain unchanged. Following this, the age will increase by only two months in the two-year period in 2025-2026 and then only reach 68 in 2033. These variables are inexorably intertwined with the government’s game in social security treatments. No concrete reform for early retirement has been announced at this time. The only thing certain is that by the stroke of December 21, 2021, 100 will be exhausted.

Knots to be untied

The currently proposed solutions talk about a possible quota of 102 or an early exit with pure contribution only for some categories of workers. But the majority seems to be able to find a point of agreement with a minimum contribution of 35 years and an early exit at 63 years and an allowance penalty that can range from 2 to 3 percent. Reform still has a long way to go, and political conflict could possibly begin in the fall. However, Draghi doesn’t seem to want to renew the Quota 100. In addition, the OECD questioned the measure, calling it too expensive for government coffers. but alwaysOECD He also demanded the cancellation of the Women’s Option, which is an early exit for female workers aged 58 and 35. At this point, with the renewal of the measure for 2022, a new extension will probably be triggered. Autumn will show us what the future of the social security system will be. Many workers have been waiting for an answer for a long time.

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