In Italy, the mandatory pension system is administered mainly by INPS (Istituto Nazionale della Previdenza Sociale) for most employed and self-employed workers. Under this system, contributions made by active workers finance the pensions of those already retired. However, some professional groups have specific pension funds, such as lawyers or architects.

According to INPS, in 2024 Italian workers did retire later than ever, with the average retirement age rising to 64 years and 5 months—about three months older than in 2023. Over the past three decades, the typical retirement age has climbed by approximately seven years. Working individuals are increasingly delaying retirement.