This is “the last chapter of the long book of reforms for the foreseeing system,” declared the Minister of the Economy, Tommaso Padoa-Schioppa, who is very satisfied to have managed to get the same finish as the Maroni law, that is the lowering of the minimum retirement age to 61 as early as 2013.
Minimum retirement age is gradually increasing. Following this agreement, in 2008, Italians will retire at 58, after 35 years’ contributions, and not at 60, as was planned by the “scale” (scalene) planned by the Maroni law (see our dispatch n°070550) however, starting the following years, minimum age will gradually increase, according to a “quota” and “steps” (scalini) system resulting from a calculation taking into account minimum age and the length of contributions.