The Budget Law may be reintroduced to include an increase in social security spending. The reduction of pension review adjustments applied in 2023 and 2024 has passed constitutional court examination, so the Budget Law could be reintroduced to include increased social security spending. It applies a reduced percentage to all amounts (including those within the full adequacy threshold), and for individuals who exceed four times the minimum INPS contribution, it will make the pension increases lower in 2027. The difference would manifest over time because each subsequent adjustment is calculated based on the already reduced amount. The choice falls on the Government, which will announce this with the budget law draft.

The 2025-2026 Budget Law (Law No. 52) stipulates that the public finance budget plan estimates an increase of 4.2% for pensions in 2027 compared to 2026. The calculation based on Article 1, Paragraph 309 of Law No. 197/2022 applies a reduced percentage from 85% to 32% of the index to amounts above €2,447.40 per month. With an inflation rate of 2.9%, a monthly pension of €3,500 would lose approximately €555 annually compared to the current brackets.

Legislative measures taken between 2023 and 2024 were legitimate and did not require reimbursement. The calculation used during these years is consistent with the Constitution and does not confer any right to reimbursement: the Constitutional Court has declared both laws of budgetary accounting unfounded regarding the issues raised by them.

In response to this situation, the government decided to implement the following measures:

- A reduction in the retirement age limit for women who have reached their full working age but are still under the minimum wage threshold set by law. - An extension of the period covered by the social security system until the end of 2026. - A decrease in the amount of contributions required for those aged over 65. - An increase in the maximum contribution allowed for individuals aged 65 or older.

The 19/2025 report on cuts during revaluation was deposited on February 14, 2025, rejecting exceptions from the Court of Controversies of Tuscany, which is being sued by an former school director, and Campania regarding art. 197/2022, observing that the measure cools down the revaluation without halting it. The judgment number 52/2026, deposited on April 16, 2026, has examined the issues of the Tribunal of Trento concerning the block system and has ruled marginal the effects of overcompensation between pensions of similar amount while cases of excess are neutralized by safeguard clauses. The two judgments recognize to the legislature a wide margin in balancing adjustments with public accounts, leaving then the possibility for the Government legal to propose again the mechanism in the Manovra 2027.

The 2025-2026 budget indicates that there is also a limit: referring to its own jurisprudence, the Court has reminded that frequent repetition of measures on equalization exposure the system tensions and hopes for more stable discipline. A third intervention after those from 2023 and 2024 would be evaluated also with this warning. The previous opposition... The Italian government declared that they do not worry about the negative consequences of implementing immediately the cut in pension reviews but have planned to proceed gradually starting December 2026. The intention is to ensure a gradual planning to avoid further economic problems. However, the Budget Law could be used as an instrument to resolve