The Pensioners' Party was founded in 1987 in Milan, and its current leader is Carlo Fatuzzo.

Finally, on 20 November 2006, Carlo Fatuzzo, in a press conference along with Antonio Tajani and Fabrizio Cicchitto (national deputy-coordinator of Forza Italia), announced that its party was re-joining the centre-right House of Freedoms coalition.

In the 2008 general election the Pensioners' Party presented its candidates into The People of Freedom, but it didn't gained any seat.

[2][3] In 2012 the party enters for the first time in the Italian Parliament with one deputy, Lino Miserotti, who replaces the outgoing deputy Marco Airaghi, and with one senator, Giacinto Boldrini, who replaces the deceased senator Gianpiero Carlo Cantoni.

In the 2013 general election the Pensioners' Party ran with the Centre-right coalition, getting only the 0.16% of the vote for the Chamber and the 0.40% for the Senate.