Minimum pensions, increases starting from July but not for everyone. That’s who GUIDE belongs to


By John

Minimum pensions, increases starting from July but not for everyone. Here’s who they belong to.

From July, the minimum pension will increase. However, not everyone will find extra money in their monthly pay. The extraordinary increase established by the government in the latest maneuver will, in fact, only concern former workers and not those who receive a welfare transfer from INPS. Consequently, cthose with a minimum civil disability pension, for example, will be excluded. Thus, the upward adjustment will only affect those who have paid social security contributions, which limits the number of beneficiaries.

If you are over 75, the minimum pension will go from just under 564 euros a month to almost 600 euros; instead, for those who are younger, the maximum achievable will be 572 euros. Since it has been decided that the increase will take effect from January, all increases for the first half of 2023 will come in a single solution (in total, around 200 euros for the elderly). This measure, which will cost 400 million euros this year, adds to the increase that has already taken place to adjust to the statutory price increase, which also applies to welfare benefits. Thus, starting from January, the minimum pensions, which were €525.38 per month, were raised to €563.74, fully applying the inflation catch-up of 7.3%.

Even those earning up to €2,100 gross per month were protected from the significant price increase, with a check rising by €150 per month. For higher pensions, on the other hand, the revaluation is lower, with a mechanism that reduces the increase as the amount of the allowance increases and, consequently, entails a loss of purchasing power (that is, fewer goods can be purchased with the same amount of money) and an estimated saving for state finances of 10.1 billion up to 2025, which becomes 36 billion by the 2032.