Together with the Editorial Experts, we will evaluate whether it is convenient to retire earlier or the INPS old-age pension is more advantageous. The worker who is approaching retirement age wonders if it is really useful to continue to work and pay contributions to INPS. By leaving a few years ahead of the times that the personal data requirement imposes, could it not perhaps save you effort and insurance payments? But it should also be considered that by paying contributions for a smaller number of years, the amount of the pension allowance will also be lower. And obviously you need to know in time how much the cut on the monthly rate is.
The article “How and who can retire at 63 without cuts on the INPS allowance?”Could provide you with a first guide. Before applying for retirement, rather than comparing with friends and relatives, it would be useful to know the percentage of loss on the monthly allowance. And above all, it is necessary to make precise calculations to understand whether it is convenient to retire earlier or the INPS old-age pension is more advantageous. To reassure the reader, we would like to remind you that the same calculation system is used to determine the amount of the pension and early retirement.
Is it better to retire earlier or is the INPS old-age pension more advantageous?
According to article 24 of the Law 214/2011 the worker has the possibility to access the old-age pension or to opt for the pension advance. The suitability of one or the other social security treatment depends on the factors that affect the choice of the individual taxpayer. From an economic point of view, leaving your job 4 or 5 years in advance is not convenient. And this is because the amount of the pension increases in proportion to the amount of contributions that you have at the time of applying to INPS.
If, therefore, for each contribution year the amount of the monthly allowance increases, it is convenient to stay at work longer. The choice of early retirement, on the other hand, often occurs in the presence of other personal reasons that concern other variables. For example, some workers may have health or family problems or may incur a lot of expenses to get to work. It follows that only in some cases and for the specific needs of taxpayers can the option of a pension advance be advantageous
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