The government was set to present the package at the end of a cabinet meeting later on Thursday.
With a median age of 48, Italy is the EU's oldest country, and also has the highest old-age dependency, defined as the ratio of people aged 65 and over to those of working age, according to statistics agency Eurostat.
Pensions already eat up more than 15% of gross domestic product (GDP), and the Treasury expects spending to reach 17% of output in 2042.
In its 2024 budget, the government earmarked around 1 billion euros for several measures aimed at addressing Italy's demographic crisis.
One temporarily removes social contributions paid by working mothers with at least two children.
Persons:
Giorgia Meloni, Angelo Amante, Giuseppe Fonte, Alvise, Peter Graff
Organizations:
Italian, Reuters, Ageing, Pensions, Treasury
Locations:
ROME, Italy, Rome