Pension revaluation in January for most pensioners but 3.6 million will have to wait for the adjustment in March

The revaluation of pensions according to the new criteria for bands set by the maneuver will start from January for amounts up to 4 times the minimum payment (611.85 euros), for the others it will be done through an adjustment within the first quarter of 2027. In essence, the majority of the 16.5 million pensioners will have the pension allowance adjusted to the rate of inflation with the January payslip, while 3.6 million who receive amounts starting from 2,447.40 gross monthly euros will have to wait until March to see the revaluation recognized based on the new criteria.

In the hearing in the Chamber on Manora 2027, the president of the INPS DG, Valeria Vittimberga, underlined that the system of automatic revaluation of pension payments has been modified, reintroducing the mechanism for bands applied to the overall amount of the treatment, and modifying the calculation mechanism, with the transition from three to six bands, with decreasing revaluation percentages from 100 to 32 percent. «Considering the time required for the renewal of pensions - added the DG -, which have already determined the processing of the January instalment, and in analogy to practices adopted in the past to guarantee the correct application of the mechanism, from January the Institute will apply equalization only to payments of amounts up to four times the minimum payment. By the first quarter of 2027, the Institute will recognise, through an adjustment in favor of pensioners, the differences due to the application of the revaluation with the new rules to other audiences".

In essence, for pensions up to 2,447.40 euros (up to 4 times the minimum) a 100% revaluation is expected in January, from 2,447.41 to 3,059.25 euros (between 4 and 5 times) an 85% revaluation. From 3,059.26 to 3,671.10 euros (between 5 and 6 times the minimum) the revaluation at 53%, from 3,671.11 to 4,894.80 euros (between 6 and 8 times the minimum) the revaluation at 47%, from 4,894.81 to 6,118.50 euros (between 8 and 10 times the minimum) the revaluation at 37%. Above 6,118.50 euros (above 10 times the minimum) a 32% revaluation is expected.

Vittimberga recalled that Manovra also intervenes on the end-of-service indemnity of public employees terminated due to age limits, which will be paid in 6 months in 2028, in 3 months in 2029 and from the date of termination in 2030. The payment in installments will also be gradually overcome until abolition in 2035. «It is an expected intervention - added the INPS directorate -, which repays public workers in more time quick sums already accrued. The provision implements the warnings of the Constitutional Court, which with sentence no. 130 of 2023 had urged the overcoming of delaying mechanisms and, with ordinance no. 25 of 2026, suspended the judgment to allow the Government and Parliament to intervene".

According to Vittimberga, the changes introduced will require a «reorganization and concentration of human and instrumental resources on the liquidation process, with repercussions on the management and operational level for the offices», the DG then specified that «the liquidation times do not depend only on the Institute, but also on the timeliness and completeness of the data transmitted by the other public administrations».