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Inps-Upb, average age of users Quota 100 is 63 years and seniority 39.6 years

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Early retirement with “Quota 100” sees an average age at the commencement of just over 63 years, while the average seniority is 39.6 years. This is revealed by a joint INPS-Parliamentary Budget Office (UPB) analysis, which took stock three years after the start of the measure. Furthermore, there was a prevalence of leaving work at the earliest effective date, with at least one of the age and seniority requirements at the minimum level. The ratio between actual advance and maximum advance (the one corresponding to the use of “Quota 100” as soon as possible) is on average just over 90% for most of the users of “Quota 100”. On average, the advance with respect to the closest of the ordinary requirements is 2.3 years. The advance significantly affected the value of the allowance: on average it reduced it by 4.5% per year in advance for self-employed workers, 3.8% for private employees and 5.2% for employees public. The average age at the start was just over 63 years, while the average seniority was 39.6 years. Retirement with “Quota 100” took place mainly close to the maturity of the requisites: for those who acquired the right in 2019, the overall take-up at the end of 2021 was 49%, for those who matured the requisites in 2020 the rate of overall membership at the end of 2021 is 47% (divisible into 41% achieved in 2020 and 10% in 2021).

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