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Italy will revise its pension conversion coefficients from 2027, resulting in lower payments for people retiring at the same age, according to reporting by ANSA Economia and La Repubblica.

ANSA Economia reported on October 21, 2026, that the Italian Ministry of Labour had published a decree covering the revised coefficients. It reported that the coefficient for retirement at age 67 would be 5.514 from 2027.

La Repubblica reported that pension payments could fall by up to 2% under the change. In an illustrative calculation, it said that someone with €300,000 in contributions could receive €284 gross less per year, although that estimate may vary according to individual circumstances.

La Repubblica also reported that the measure may increase the age at which people leave work and begin receiving a pension. The available material does not specify the previous age-67 coefficient, the full revised schedule, the exact effective date within 2027 or the detailed eligibility rules.

SOURCES

  1. La RepubblicaPensioni più basse dal 2027, assegni tagliati fino al 2%. Quanto si perde e perché
  2. ANSA EconomiaDal 2027 cambiano coefficienti, pensioni più basse a parità età di uscita