Overview
- Government sub-amendment in the Senate removes the plan to reduce the contributory value of university years, reversing the earlier proposal that would have sterilized 6 to 30 months from 2031 to 2035.
- The extension of the early-retirement waiting window stays: three months through 2031, then four months in 2032–33, five months in 2034, and six months from 2035.
- Economy Minister Giancarlo Giorgetti said accrued and ongoing degree redemptions are protected, and indicated that future redemptions would increase the pension amount without advancing the retirement date.
- Parliamentary work in the Budget Committee was paused for majority talks, with the League pressing to also remove the longer waiting windows as the budget races toward year-end votes.
- The package targets medium-term savings estimated at about €2 billion at full effect by 2035, and keeps the default allocation of TFR to pension funds for first-time private hires starting 1 July 2026 unless they opt out within 60 days.