Pensions, check inflation alert: what's going on

Pensions and inflation, the shield to protect checks against rising prices

Inflation advances, but it does State has a shield to protect them pensions against rising prices. The dear life however, it risks weighing heavily on public accounts.

“From this year, explains the Messengerre-entered into force on indexing system by allowances and allowances: a more favorable system for pensioners and which provides for the full recovery of inflation for those who receive a allowance up to 4 times the minimum (about 2,000 euros); a revaluation of 90% for the share between four and five times the minimum and 75% for that greater than 5 times “.

“This mechanism in practice, continues the Messengerallows the full recovery of inflation on the first two thousand euros also to those with higher checks. “But it has a cost for the State, just as high in a period of galloping inflation.

Pensions and inflation, the accounts

Self inflation continues to gallop the bill into the pockets of the State it could therefore be really salty. To make the accounts was the Parliamentary Budget Office (upB), which together with INPS, presented a dossier in which important numbers are pitted.

To date, for example, the indexation of pensions to inflation it would cost the State 9 billion more in 2023 and, in the absence of a slowdown in consumer prices, could become just under 16 billion in 2024 to exceed 20.6 billion in 2025. These figures are not indifferent.

The first link in the chain examined by the UPB was certainly Quota 100. The 62-year-old and 38-year-old chute, strongly supported by the League during the yellow-green government, was used by fewer people than expected, giving the state 10 billion, but more than 4 billion had already been defined.

Pensions and inflation, the INPS accounts

In this regard, the president of INPS intervened Pasquale Tridico that he put on the table three reforms possible: Quota 41, retirement at 64 and 63 years. In the first case this is retirement with 41 contributions regardless of age, the cost of which, according to Tridico, would be 18 billion in the first three years.

There second hypothesis it would be retirement at 64 years with 35 contributions, and an accrued allowance equal to at least 2.2 times the minimum, the cost of which would be 6 billion in the first three years.

Then there is the hypothesis of retirement at 63 years with at least 20 contributions and an allowance equal to 1.2 times the minimum. In this case, the pension would be paid in two installments: the contribution rate at 63 years, and the salary at 67, the cost of which would be 3.5 billion.