Italy’s ‘Baby Pensions’: Over 157,000 People Receive Early Retirement Benefits

According to INPS, the Italian social security agency, over 157,000 people are receiving early retirement pensions, a number equivalent to the population of cities like Perugia or Livorno. These benefits, known as ‘baby pensions,’ were introduced in the 1980s, allowing married female public sector employees with children to retire early, regardless of their age. This policy, while intended to support families, has come under scrutiny due to its significant cost to public finances. In recent years, reforms implemented by the Monti government and the Fornero ministry have introduced a new, contributive pro-rata system for all, aiming to address the financial burden associated with ‘baby pensions.’