L’early exit from retirement never as in this 2021 could be a decisive choice. As we have recalled several times here on ilGiornale.it, Quota 100 will expire in December. After the retirement reform wanted by the yellow-green government, the government will have to study a new pension plan that may include the hypothesis of a early exit from work. Among the hypotheses that have emerged so far, two are the most accredited: the first was renamed Quota 92 with an exit at 62 with 30 years of contributions for arduous jobs. The other, on the other hand, is quota 102 which provides for an exit from work at the age of 64 with 38 years of contributions paid. We are currently in the field of hypothesis. However, it should be emphasized the new pension plan announced by Minister Brunetta which provides for a 5-year slide only for public employees.
Last call for Quota 100
However, remaining in the concreteness of current events, many are wondering what will happen at the end of the year. The executive will certainly allocate resources for a “staircase” post-Quota 100 but in fact there are those who have to decide within a few months whether to fully exploit the last possibility of early exit or wait for the achievement of the parameters provided for by the Fornero law. So it is right to do some calculations to understand which could be the most convenient way. Let’s start from a fundamental premise: the exit with Quota 100 does not imply a reduction of the check. The cut is made according to the years in advance. In fact, the calculation is made thanks to the transformation coefficients that “build” the social security amount based on the contribution years.
How much is lost
Let’s take the case of a worker who has no intention of waiting for the Fornero stakes or the maximum contributory age of 42 years and 10 months. With a paycheck of around 30 thousand euros a year, as Projections of the Stock Exchange recalls, every year of stay at work increases the pension amount by around 500 euros on an annual basis. To be clear about 40-50 euros per month. In fact, leaving the job using the parameters of Quota 100, the early withdrawal for example at the end of 2021 would result in a shortfall on the check of approximately 40 euro on a monthly basis. To get a clearer picture of the reduction of the allowance with Quota 100 just take these data into consideration: according to the calculations of the Parliamentary Budget Office, choosing Quota 100 can mean losing from 5.6%, in the event that the exit from work one year is anticipated, up to 34.7% in case of leaving 6 years earlier. So for those who are now on the verge of retirement and already see the exit door a step away, choosing the withdrawal with Quota 100 could be a winning choice with a minimum shift of the pension amount on a monthly basis. On the other hand, leaving approximately six years in advance would cause a substantial reduction in the rate. However, you have considered that those who leave first receive a pension for more years than those who leave with the Fornero rules. For this reason, in real terms, the loss on the pension accrual is between 0.22% for those who retired one year earlier and 8.65% for those who left work 6 years earlier. All that remains is to do the calculations well to understand the best way out of the world of work.