Italy: Parliament permanently approves the Monti administration’s austerity program

Compared with the decree of December 6 (see our dispatch No.  110750), the Parliament committees have added several amendments.  The “exceptional adjustments” for the standards affecting labor notably aim to lessen the reform’s impact on employees who were about to retire with the previous system and on small pensions.  Thus, employees born in 1952 (who would have suffered the most because they would have had to work 5 more years after the reform) who have paid contributions for 35 years in 2012 may retire at 64 instead of 66 and private sector female workers aged 60 and who paid contributions for 20 years in 2012 may retire at 64.  other elements include:
Enjoy this article for free while you’re in your trial period
You have access to our content for 1 month.

uld have had to work 5 more years after the reform) who have paid contributions for 35 years in 2012 may retire at 64 instead of 66 and private sector female workers aged 60 and who paid contributions for 20 years in 2012 may retire at 64. other elements include:




  • Freezing, in 2012 and 2013, the pension increase indexed on the cost of living for amounts three times (instead of two in the initial text) higher than minimum pension, i.e. higher than €1,400;

  • Bringing retirement age, in 2012, up
Do you have information to share with us?
What you absolutely must read this week
The essential content of the week selected by the editorial team.
See all
Portugal: open consultation on the transposition of the Pay Transparency Directive
The news. On 5 August 2026, the Portuguese government published a document proposing a draft text to transpose the EU Pay Transparency Directive as the basis for a public consultation open until...
EU: the Commission will set up an Expert Group on the impact of AI in the world of work
The news. On 22 July 2026, the European Commission published a progress report on the EU-27’s achievements regarding the objectives of the European Pillar of Social Rights, reinforced by the...
Belgium: toward an additional five days of leave following the birth of a child
The news. On 18 July, the Belgian federal government approved a draft bill introducing an additional five days of leave following the birth of a child. This entitlement would be added to existing...
Germany: a national action plan to strengthen collective bargaining
The news. On 22 July, the German federal government unveiled a national action plan to promote collective bargaining in response to the requirements of the EU minimum wage directive. The directive...
Most viewed articles of the month on mind HR
What readers clicked on the most last month.
What readers clicked on the most last month.
1
EU: the Commission will set up an Expert Group on the impact of AI in the world of work
The news. On 22 July 2026, the European Commission published a progress report on the EU-27’s achievements regarding the objectives of the European Pillar of Social Rights, reinforced by the...