Pension hikes to come in June

The new bill by the Labor Ministry that was tabled on Monday in Parliament creates a new landscape for pensions and social security contributions. The interventions promoted have led to a strong reaction by many unions, which have decided to call a 24-hour strike for today.

Among the many changes it includes, in line with the recent decisions by the Council of State, are increases in the replacement rates for workers with more than 30 years of insured labor, at a cost that will not exceed 80 million euros for the first year of application, rising to 220 million euros in the second.

The bill further incorporates new social security categories for 1.44 million self-employed and freelance professionals who have the right to choose the level of their monthly contributions, which will also determine the level of their pension.

Another provision concerns the...