Pensions increase with the full or partial revaluation mechanism, but by how much will the monthly allowances increase? Like every year, we await the decree from the Ministry of Economy with the definitive percentage of inflation acquired, on which the calculation of the revaluation of pension payments is based, i.e. the annual adjustment of the amounts to the cost of living. A measure that usually arrives in the second half of November. Even today, however, based on Istat estimates, indicative amounts can be calculated that could be close to those that will affect next year’s checks.
Inflation and revaluation
Small parenthesis on inflation, to understand better. According to Istat’s preliminary estimate, in August the consumer price index increased by 0.5% in a month and by 3.3% compared to 2025. The annual rate, a clear acceleration compared to the +2.9% in July, thus reached the highest level for almost three years: in fact, one must go back to September 2023 (when inflation was at +5.3%) to find a higher value. The acquired inflation for 2026, that is, what would occur if the index remained at this level in the coming months, is already at +2.9%. The rise in inflation, explained the National Institute of Statistics, is supported by “the trend in prices of energy goods, which are still affected by international tensions”.
The annual variation marked a +17% in August, from +11.6% in July: both unregulated goods, such as fuel or bills in the free market (from +11.4% to +16.9%), and regulated ones, i.e. electricity and gas tariffs in the protected market (from +14.8% to +18.8%), accelerated. What particularly stood out was the surge in fuel prices, with petrol rising by 16.3% and diesel by 26.7%. Expenditures for housing, water and electricity thus accelerated to +8.9% from +7.2% in July, those for transport to +6.1% (from +4.3%). However, recreational, cultural and personal care services have slowed down, while in food the price dynamics continues to be moderate (stable at +1.1%), putting a brake on the growth of the general index.
Well, always keeping in mind that this is still a provisional figure, the figure to look at for the 2027 pension equalization is the 2.9% of inflation acquired for 2026 estimated by Istat. The revaluation, and therefore the pension increases, are based on the amount of the monthly allowance:
- 100 percent for treatments up to four times the minimum treatment (which for 2026 is equal to 611.85 euros);
- 90 percent for those between four and five times the minimum;
- 75 percent for those above six times the minimum.
All expected increases
In essence, therefore, if the 2.9% figure were to be confirmed, it would mean that all checks up to 2,447.40 euros (i.e. up to four times the minimum payment) will be able to benefit from the full 100% revaluation. Those who now receive the minimum, i.e. 611.85 euros, would go to 629.59 euros, with an increase of around 18 euros. A check for 800 euros would become 823.20 euros (+23.2 euros), one for 900 euros would increase to 926.10 euros (+26.10 euros), one for a thousand euros would increase to 1,029 euros (+29 euros) and one for two thousand euros to 2,058 euros (+58 euros).
For those who receive a pension that is more than four times the minimum salary, therefore higher than 2,447.40 euros, the increases will be scaled down: to 90% for the range between four and five times the minimum and to 75% for the excess part. A check for 2,500 euros would become 2,572.34 euros (+72.34 euros), one for three thousand euros would rise to 3,085.39 euros (+85.39 euros) and one for 3,500 euros would reach 3,596.48 euros (+96.48 euros).
Adjustment to life expectancy
Not only that, because from 1 January 2027 the adjustment to life expectancy will also start: an extra month, which brings the requirements for the contributory early pension to 64 years and one month and for old age to 67 and one month, while the ordinary early pension will require 42 years and 11 months of contributions for men and 41 and 11 months for women. In 2028 the overall increase will then rise to three months: 64 years and 3 months for the advance contribution, 67 and 3 months for old age, 43 years and one month of payments for men and 42 and one month for women in the ordinary advance payment.