The decree law introduced by the yellow-green government in January 2019 introduced the so-called Quota 100 on an experimental basis for three years, giving the possibility to retire earlier than old age for those workers who have already matured at least 62 years of age and 38 of contributions.
The provision, which also provides for the stop to the increase in the requirements for early retirement linked to life expectancy until 2026, according to the Government's calculations should have entailed additional charges of 46 billion and 2.3 billion between 2019 and 2028. millions of checks given in advance of the rules preceding the decree.
According to the State Accounting Office, the cost will be 63 billion between now and 2036. Last year the use of Quota 100 was lower than expected, and, in the first quarter of 2020, according to the INPS Observatory on retirement flows 'age' of old age increased by 103.6%: there were 55.085 compared to 27.056 in the same period of 2019 (+ 103.6%).
But here's a summary of what the rule on Quota 100 provided
:
FEE 100 FOR THREE YEARS
: anyone who was at least 62 years old (and was therefore born until 1957 in 2019 until 1958 in 2020 and until 1959 in 2021) can retire if they have at least 38 years of contributions.
There is a ban on cumulation with work until the requisites for the old-age pension are met.
The maximum advance can reach five years if you have just turned 62 years of age, given that in 2019 the bar went up to 67 years of age for access to the old-age pension.
PUBLIC WORKERS
: for public workers there is a six-month window.
Travets must submit their retirement application to the administration at least six months before leaving.
To public workers who retire with Quota 100, the TFS is paid only upon reaching the requirements for old-age or early retirement provided by the Fornero reform but an amount of up to 45 thousand euros is advanced thanks to an agreement with the banks
EARLY RETIREMENT INDEPENDENT OF AGE
: you can continue to retire regardless of age if you have at least 42 years and 10 months of contributions (41 years and 10 months for women) but there is still a quarterly window.
The increase started in 2019 is therefore canceled (of five months to 43 years and three months) and any increases related to life expectancy are suspended until 31 December 2026.
SOLIDARITY FUNDS
: in the event of a trade union agreement with the employer, it is possible to place the worker who reaches the requirements for quota 100 within three years in a solidarity fund with an income support check.
Therefore, the rule concerns workers born within 1962 (who will therefore be 59 years old in 2021, the last year of the trial) with at least 35 years accrued within that year.
CONTRIBUTION PEACE
: in the three-year period 2019-21 it is possible to cover the contribution gaps (for which there is no contribution obligation).
The faculty is given only to those who are entirely in the contributory system and who therefore have no contributory seniority prior to 31 December 1995 and for a maximum duration of five years.
DEGREE REDEMPTION
: with a minimum payment you can also redeem your graduation years but only if you are under forty-five years of age.