Pensions, has the Fornero reform gotten worse? Only in one point (and it concerns young people), that’s it

Pensions and greater flexibility: what has been done

The government has gotten worse the Fornero lawrather than cancel it, say unions and oppositions. In reality, it is a slogan which needs to be clarified. The Fornero law has been in place since January 1, 2012, when the reform desired by the then Prime Minister, Mario Monti, and the Minister of Labor, Elsa Fornero, came into force, and still constitutes the cornerstone of the pension system. No government has ever increased the requirements decided then. To retire in old age you still need 67 years of age (and 20 of contributions) and to retire early 42 years and 10 months of contributions regardless of age (one year less for women). Indeed, upon closer inspection, all the interventions that the various executives have put in place, from the so-called safeguards for redundants to the Quotas, from the social Ape to the women’s optionhave served to introduce elements of flexibility and therefore broaden the possibilities of retirement compared to a regulation that appeared excessively rigid from the beginning. Thanks to these measures, from 2012 to today, around 600 thousand workers have retired early for a cost of 25 billion.

Nov 21, 2023

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