Germany and Italy to raise pensions in July 2026

Effective 1 July 2026, Germany will increase statutory pensions by 4.24%, raising the reference pension value from €40.79 to €42.52. The reform is part of a broader package that also ends the temporary fuel‑tax relief, introduces new customs fees on low‑value parcels from non‑EU countries and changes the unemployment benefit system.

In Italy, the July 2026 pension payment will include a “quattordicesima” (14th monthly instalment) for eligible retirees. The extra amount ranges from €336 to €655, depending on the pensioner's total annual pension and years of contributions. Eligibility requires the pensioner to be at least 64 years old and to have a yearly pension income below €15,908.10, with higher benefits for those earning under €11,931.08 and with longer contribution histories.