Budget measure: INPS, in January an adjustment of up to four times the minimum, then the balancing payment

The inflation adjustment of pensions, as provided for in the budget bill with six equalization brackets, will take effect in January for pensions up to four times the minimum. The adjustment payment will then be made by March. This was stated by the director of INPS, Valeria Vittimberga. "The institute will apply the equalization from January to only those benefits with an amount up to four times the minimum benefit," Vittimberga stated. "Within the first quarter of 2027, the Institute will recognize, through an adjustment payment in favor of pensioners, the differences due to the application of the revaluation under the new rules to the other groups (pensioners with benefits exceeding four times the minimum benefit)." The budget bill, the INPS director general recalled, "modifies the automatic revaluation system for pension benefits, reintroducing the bracket mechanism applied to the overall amount of the benefit. In addition to the change in the calculation mechanism, the number of brackets will increase from three to six, with revaluation percentages decreasing from 100 to 32 percent." Vittimberga explained the implementation methods, taking into account "the time needed for the renewal of pensions, which has already determined the processing of the January payment, and in analogy to practices adopted in the past to guarantee the correct application of the mechanism." Reproduction reserved © Copyright ANSA