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Minimum pension in Italy rises to 615 euros in 2024

The minimum pension amount in Italy will rise to 614,77 euros in 2024, an increase of 5,4%

retirement value in Italy
Minimum pension in Italy rises to 615 euros in 2024 | Photo: Europa Today

In 2024, the minimum value of retirement in Italy increases to 598,61 euros, thanks to the recovery in inflation, set at 5,4%.

However, thanks to the provision of the 2023 Budget Law, which provides for an additional increase of 2,7% for pensions that do not exceed the minimum limit, the amount increases to 614,77 Euros – Around R$3.300.

The information is from the National Social Security Institute (INPS), which, through a statement, clarified the increases that will be granted from January onwards for all retirement income, up to four times the minimum amount (2.271,76 euros per month from 2024 onwards), recovering 100% of the inflation, that is, 5,4%.

The minimum retirement amount for salaried and self-employed workers in 2024 is 598,61 euros per month for 13 months (7.781,93 euros per year).

The maximum amount to retire early is 2.394,44 Euros, a benefit equivalent to four times the minimum plus the guarantee range.

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