Italy projects near‑doubling of pension payouts for 2027

The 2027 Italian budget outlines a pension revaluation rate of 2.8%, roughly double the 1.4% applied in 2026. Under this mechanism the minimum monthly pension would rise to about €629, putting the total minimum benefit for pensioners between €765 and €785. The social allowance for people over 60 with no income would increase to roughly €562 per month, but the income thresholds for eligibility would also be raised (individual limit to about €7,300 annually, couple limit to about €14,600). The eligible age for applying for the pension will shift to 67 years 1 month in 2027 and to 67 years 3 months in 2028.

A separate analysis warns that lower‑earning contributors could still face difficulties. The transformation coefficients applied to the contribution base are set to become less favourable as life expectancy rises, potentially reducing the amount of pension earned. For purely contributory workers whose pension amount falls below the social allowance (currently €546.24 and projected to exceed €560), the INPS may refuse payment, making the new thresholds a critical obstacle for many born around 1960.