Pensions, revaluations from 2023: here are the increases to come
The next adjustmentfor the pensions to be paid from January 2023, it will be based on the provisional index of 7.3% except for the subsequent adjustment, in January 2024, based on the definitive index. The minimum, for example, rises from 525.38 euros to 563.73 euros, with an increase of 38.35 euros per month or 498 euros in one year (thirteen months).
This is foreseen by the decree signed yesterday by the minister of the economy, Giancarlo Giorgettiwhich orders the increase based on the Istat variation recorded in the first 9 months of 2022. The measure, expected in the next few days in Official Gazetteimplements the normal annual equalization operations of the pensions disbursed by the forms of compulsory public security.
Revaluation
This time, however, the operations are different than in the past due to the advances of the revaluation recognized by the aid decree bis in October and November 2022. Retirees with checks not exceeding €2,692 gross in September 2022 have, in fact, already received an advance by 2% from October and, therefore, in January 2023 they will have only the remaining 5.3%; only pensioners with checks exceeding €2,692 will receive a 7.3% increase (to be spread over the revaluation brackets). Furthermore, on 1 November, the adjustment of the equalization due for the year 2022 took place, with recognition of the revaluation of 1.9% (the adjustment-increase was 0.2%).
The presence of advances makes it more difficult to calculate increases. For example, a minimum pension in September 2022 was worth €524.34, in October after the 2% down payment it rose to €534.83 to go to €535.87 in November 2022 after the 0.2% adjustment and finish its run in January 2023 at €563.73, i.e. the value of the minimum virtual treatment as at 31 December 2022 (€525.38) increased by 7.3% (i.e. the provisional inflation index). The effective increase that will be seen on the slip in January from December will be around 5.3% because the revaluation absorbs the October advance.
For pensioners with benefits exceeding 4 times the minimum (i.e. over €2,101.52 as at 31 December 2022), the increases must take into account the aforementioned equalization bands. Thus, for example, a pension between 4 and 5 times the INPS minimum (i.e. between €2,101.52 and €2,626.9) will be updated from 1 January 2023 by 7.3% of the amount up to €2,101.52 € plus 6.57% (7.3 x 0.9) of the amount exceeding €2,101.52; a pension exceeding 5 times the INPS minimum will be updated from 1 January 2023 by 7.3% of the amount up to €2,101.52 plus 6.57% of the amount between €2,101.52 and €2,626.9 and 5.475% (7.3 x 0.75) of the amount exceeding €2,626.9.
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