With the beginning of 2014, and after the official entry into force of the requisites dictated the pension reform, we are again talking about flexibility regarding the social security system. And in particular, the “pension loan” hypothesis re-emerges. Let’s see what it is.

A loan as an advance on the pension

A loan as an advance on the pension

The Minister has repeatedly expressed the intention of introducing a mechanism, alternative to early retirement, which allows the worker to withdraw from the activity even before having reached the necessary requirements. Already last summer, the minister had formulated the idea of ​​basing this mechanism on a loan : the worker who is only a few years away from retirement could begin to collect a check equal to a certain percentage of his salary (the hypotheses speak of a 80%), which would be paid, possibly with the contribution of the company to which it belongs.

Upon reaching the requirements in force, he would then begin to receive the pension regularly


From which a percentage would be deducted (10-15%) to return the amounts previously received. “The mechanism we are working on – specifies during an interview- also involves the involvement of companies as well as the worker and the state. It is also a financially difficult operation to design”.

In any case, this would be a system in place for the private sector and based on a voluntary choice by both the worker and the company. At the beginning of the year, the government’s agenda is full of commitments to the work chapter, and it appears that the pension loan will be the focus of discussion.

To evaluate the costs of the solution for the state coffers, together with the potential group of workers and companies interested in activating this possibility. Already today, the minister of labor observes, there is “a mechanism that through union agreements allows early retirement with payment by the company of a substantial share of the pension gap. However, this tool can only be used by large companies. But also “could have the interest to give a slip to the workers, above all in those sectors where advanced age can even involve risks for the type of activity carried out”.