Enjoying Early Retirement at 64 and Continuing Work with CGI?
The Confederation of Italian Workers (Cgil) has been vocal in its criticism of the current government's pension policies, particularly the increase in the threshold for early retirement and the proposed use of the Total Fiscal Recepts (TFR) as a solution.
The Cgil argues that the government is proposing the TFR as a solution to a problem it created. However, according to Cgil simulations, using the TFR to add to the contributory capital already accumulated would be ineffective. This additional capital, estimated to be over 128,000 euros by 2025, is unattainable for individuals with discontinuous careers and average or low salaries.
The threshold for early retirement in the contributory system has increased significantly under the current government, reaching 1,616.07 euros in 2025. By 2030, this threshold will reach 1,811.78 euros. For context, the average salary in the private sector is 23,700 euros per year, resulting in an estimated pension of 1,496 euros after 40 years, well below the 2030 threshold. Even for those with an annual income of 20,000 euros, the estimated pension after 40 years is only 1,263 euros. On the other hand, only individuals with high incomes are expected to exceed the 2030 threshold.
The Cgil's secretary, Lara Ghiglione, has attacked the government, stating that it has increased the threshold for early retirement by over 500 euros since taking office. The Cgil further argues that the TFR is deferred salary, using it in this way erodes certain rights without solving the problem.
Instead, the Cgil aims to build a guaranteed pension for the youngest. They advocate for a real pension reform that ensures equity, social justice, and a dignified pension for everyone. However, the search results do not provide specific information on the proposals by the CGIL for implementing a genuine pension reform focused on social justice, equality, and secured pension rights for younger generations.
The real issue, according to the Cgil, is precariousness and wages. Setting such a high threshold makes early retirement at 64 impossible for the vast majority of Italian workers. The Cgil argues that addressing these issues is crucial for a fair and effective pension system.
