Italy to raise statutory retirement age to 67 years and six months
From 2029, Italians will need to be 67 ½ years old to claim the standard old-age pension, according to new estimates from the Court of Auditors.
A recent report by the Court of Auditors outlines that, beginning in 2029, the legal age for the ordinary old-age pension in Italy will rise to 67 years and six months, adding three months to one outlet threshold. Early retirement will also become stricter, demanding 43 years and four months of contributions, though women will still benefit from a one-year reduction. The adjustments are part of a routine biennial review that updates pension rules based on evolving life-expectancy data.
The report notes that the retirement age will incrementally increase each two-year cycle, with the first step already set for next year at 67 years and one month. By 2028, the age will reach 67 years and three months before the final 2029 increase.
Why it matters
Higher retirement ages will affect workers' planning and the sustainability of Italy's pension system.
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