After eight hours of tense negotiations, the government and the three unions CISL, UIL and CGIL signed, on Friday July 20, at 5:30 in the morning, the agreement for the pensions' reform, which was then ratified by the Ministers' Council. (Ref. 070655)
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) plan
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