The age requirement for the old-age pension will rise to 68 years and 11 months for both sexes in 2050 (from the current 67 years), and will reach 70 years in 2067. This is what Istat reports based on estimates from the State General Accounting Office.
In a focus dedicated to workforce forecasts, the Institute predicts an increase in the participation of mature and elderly people in the labor market. Between 2024 and 2050, the activity rate among 55-64 year olds would rise from 61% to 70%. Furthermore, the activity rate in the 65-74 age group could grow from 11% in 2024 to 16% in 2050. The activity rate extended to the 15-74 age group could therefore reach 62% in 2050 (from 58% in 2024). For women it would reach 55% (+5.6 percentage points). Men would reach 68.3% (with a smaller increase of 1.8 points).