The December 2026 Pension Arrives Without Rollovers of Revaluation Arrearages: The January Increase Recognized by the Ministry coincides with the Inflation of the Previous Year certified by ISTAT and the Pension Adjustment for 2026 is Expected to be Zero, without Summing Up or Repayment Amounts. The Formal Confirmation Belongs to the Decree of the Ministry of Economy and Finance expected within November's End, which will also Set the Provisional Indexation of the Pension Adjustments for 2027. Even if there is an Excess, the Eventual Difference Would Not Be Paid as a December Rollover; the Norm Remains to be Transferred to January’s Payout. In Summary: The Decree of the Ministry of Economy and Finance dated 19th November 2025, published in the Official Gazette No.

On November 28, 2025, the provisional rate of price indexation from January 1, 2026, except for subsequent years' price indexation adjustments, was set at 1.4%. According to the ISTAT's December 16, 2025 press release on consumer prices, a year-on-year average increase of the FOI (excluding tobacco) index equalled 1.4%. The INPS, through Circular No. 153 dated December 19, 2025 and Communication No. 22 dated December 22, 2025 regarding the renewal of pensions, has designated the following as the potential adjustment period: the next year. In 2023, the adjustment was paid with the December pension only because Article 1 of DL N. 145/2023 anticipated it exceptionally on December 1st.

The December Pension without Retroactive Raising of the Rating In the case of rating reduction for December there are no arrears of revaluation according to calendar rules: the gap between provisional index and definitive index is paid as part of January's pensions renewal together with the new raising. This provision is contained in Art. 2 of Decree No. 19 November 2025 which postpones any difference to the following year's revaluation, and it is taken up by Circular INPS No. 153/2025. For December 2026 there will be no gap at all; the amount due from January has been raised by 1.4% based on the size of the payment. The previous one: anticipated gap for decree The arrears that many retirees remember going back to December 2023 date back to 2023: Article 1 of DL No. 18 October 2023, N.

The announcement for the 2022 pensionation fraud was exceptionally high on December 1st, amounting to 0.8 percentage points, which would have been reached with January 2024 benefits under normal circumstances, clarified INPS in message No. 4050 of November 15th, 2023. For 2026, the Government has not adopted an analogous rule, and in any case there would be no anticipation of such differences. In this case, the potential difference would not be paid through December benefit; instead, it is redirected back to January's deduction. There are therefore no voices regarding the December 2026 pension.