"Riforma Fornero"

The "Riforma Fornero," enacted in Italy in 2011, is a pension reform aimed at ensuring the sustainability of the pension system. It raised the retirement age, linked pension benefits to life expectancy, and introduced stricter criteria for early retirement. The reform sought to balance funding needs with demographic changes, reducing public pension costs and encouraging longer workforce participation. While it improved financial stability, it also faced criticism for making retirement more difficult for some workers, especially those in physically demanding roles. Overall, it was a significant policy shift to adapt Italy’s pension system to an aging population and economic challenges.