Italy faces longer retirement age and low worker confidence in job security

The INPS Annual Report shows that since 1995 Italians need to wait an additional 7 years and 3 months to retire. The average retirement age for private‑sector employees has risen from 57 years 7 months to 64 years 10 months, and the overall average for old‑age pensions is now about 67 years. Pension payouts fell 1.8% in 2025 versus 2024, with a 3.2% drop in the pension component driven by fewer early retirements and survivor benefits. A notable trend is the surge in pensioners who keep working: numbers jumped from roughly 40,000 in 2019 to almost 158,000, most staying with the same employer on part‑time contracts.

A separate ADP Research "People at Work 2026" survey found that only 20 % of Italian workers feel their job is safe from elimination, lower than the EU (21 %) and global (22 %) averages and well below France (26 %). The report links this lack of confidence to rapid advances in artificial intelligence and demographic shifts, urging companies to improve talent‑management strategies and continuous training.

Both reports highlight a broader challenge for Italy: longer working lives combined with a workforce that feels increasingly insecure about the future of its roles.