Bitter surprise for almost four million pensioners: the expected increases to adjust the cost of living will not arrive immediately. INPS will proceed in stages: those with lower allowances will see the amount changed as early as January, the others will have to wait until March. We better understand the threshold and the dates to pay attention to.
Pensions 2027, the news
The news emerged during the hearing of the INPS leaders on the 2027 budget before the Budget commissions of the House and Senate. The Social Security Institute has announced that only for checks up to four times the minimum treatment it will apply equalization from January, while for the others the recognition of the differences due to the application of the revaluation with the new rules – through the adjustment – will arrive by the end of the first quarter of 2027.
In practical terms, the postponement concerns 3.6 million pensioners, who have checks starting from 2,447.40 euros gross. The month in which things change will be March. The postponement of the revaluation is due to technical factors. INPS processes pension payments several months in advance of the year of disbursement. Since the final text of the Budget law is approved only at the end of the year, the Institute would not have the material time to implement the new tables that regulate the amounts of pay slips for January and February.
So, let’s recap:
- for pensions up to 4 times the minimum, i.e. up to 2,447.40 euros, the increase is paid regularly immediately on the January 2027 payslip;
- for pensions from 2,447.41 euros onwards, the amounts in January and February remain the same and in March 2027 they will be modified with the recognition of arrears as well.
The squeeze
The postponement of the revaluation, however, weighs on pensions which are already facing penalties. The maneuver in fact provides for a new mechanism for calculating indexation, with the transition from three to six bands, and decreasing percentages from 100 to 32% of inflation recovery. According to the calculations of Uil Pensioners, a pension of 2,500 euros gross per month loses 144.17 euros per year. For a check of 3,000 euros gross, the cut is 153.92 euros per year, while for a pension of 3,500 euros (always gross) 574.73 euros are lost. The penalty therefore rises to 711.23 euros per year for a 4,000 euro pension, to 1,015.43 euros for a 5,000 euro allowance.