Italy’s retirement age is set to increase to 68 years and 11 months by 2050, up from the current 67, according to projections released Tuesday by the national statistics agency Istat. The forecast, based on estimates from the State General Accounting Office (RGS), links the gradual rise to expected gains in life expectancy over the coming decades.
By 2067, the statutory retirement age is expected to reach 70 years, the report said.
Istat also projected a sharp increase in labour market participation among older Italians. The share of people aged 55 to 64 who are active in the workforce is forecast to rise from 61% in 2024 to 70% by 2050, while the participation rate for those aged 65 to 74 is expected to climb from 11% to 16% over the same period.
As a result, the overall employment activity rate for Italians aged 15 to 74 could reach 62% by 2050, compared to 58% this year.
Read more via Istat
