Lower pensions revalued since January, for another 3.6 million in March

Not only will medium and high pensions not recover all of the inflation, but their revaluation will be postponed until March. A surprise for the 3.6 million pensioners with checks starting from 2,447.40 euros gross, who are already penalized by the new indexation calculation mechanism envisaged by the budget.

In fact, in a parliamentary hearing before the Budget Committees of the House and Senate on the maneuver, the INPS announced that only for allowances up to four times the minimum treatment it will apply equalization from January while for the others the recognition of the differences due to the application of the revaluation with the new rules - through the equalization - will arrive within the first quarter of 2027. The CISL is not in favor of this and asks to schedule the payment of the revaluations in full in January.

The postponement of the revaluation is due to the necessary technical times, explained the general director of INPS, Valeria Vittimberga, recalling that the processing of the January installment of the checks has already been determined. It is a practice already adopted in the past "to avoid having to ask pensioners for money", remarked the central director of studies and research Gianfranco Santoro.

The postponement of the revaluation, however, weighs on pensions which are already facing penalties. The maneuver in fact provides for a new mechanism for calculating indexation, with the transition from three to six bands, and decreasing percentages from 100 to 32% of inflation recovery.

According to calculations by Uil Pensioners, a pension of 2,500 euros gross per month loses 144.17 euros per year. For a check of 3,000 euros gross, the cut is 153.92 euros per year, while for a pension of 3,500 euros (always gross) 574.73 euros are lost. The penalty therefore rises to 711.23 euros per year for a 4,000 euro pension, to 1,015.43 euros for a 5,000 euro allowance. A sacrifice for middle class pensioners, a heavy bill, however, also for the wealthiest. In fact, the bill rises to 1,163.63 euros per year for a pension of 6,000 euros while for those who receive 6,200 euros gross monthly, the loss reaches 1,314.17 euros per year.

Cida, the managers' union, estimates that for those with a pension of 5,500 euros gross per month, a cumulative loss since 2012 of around 96 thousand euros. For higher pensions, the bill from 2012 can reach almost 200 thousand euros, and another 3 thousand euros in 2027.

The unions are united in their request to eliminate the revaluation cuts, from which the government expects to save over 1.4 billion per year over the next three years, before tax effects. The new squeeze adds to those of previous years. From 2023 to 2036, over 100 billion euros will thus be subtracted from pensions, according to Spi CGIL estimates, on the cumulative effect.