Italy mandates automatic enrollment in complementary pension funds for new private‑sector workers

Effective 1 July 2026, Italy will automatically enroll all newly hired private‑sector employees (excluding domestic work) in a collective complementary pension scheme. The default enrolment assigns the full accrued severance (TFR) and both employee and employer contributions to the fund specified by the relevant collective bargaining agreement. Workers have a 60‑day window from the hiring date to opt out, choose a different pension fund, or keep the TFR within the company; any opt‑out decision can be revoked later.

The reform introduces a “silence‑assent” mechanism, meaning that inaction results in full participation. While the new system is operational from July, the official TFR2 form for formalising the choice is not yet available; during the transition, employees may submit a written declaration, and employers must provide a signed copy. Existing employees hired before the reform have six months to decide. The legislation aims to extend complementary pension coverage without making it mandatory, allowing flexible investment options and later transfers after two years.