Average retirement age rose by 8.5 months in six years despite unchanged statutory pension age

Friday, 30 January 2026RSS
Average retirement age rose by 8.5 months in six years despite unchanged statutory pension age

The average age at which Portuguese people retire increased by 8.5 months between 2018 and 2024, even though the legal age for pension entitlement remained stable, according to data analysed by economists at the Bank of Portugal (BdP).

Context & Explainers

Segurança Social is Portugal's public social security system, responsible for administering pensions, unemployment benefits, sickness pay, parental leave, family allowances, and other social support payments. It is funded through mandatory contributions from employers and employees.

Most services are managed online through Segurança Social Direta (SSD), where users can check contribution records, apply for benefits, submit declarations, and track payments using their NISS (Social Security Identification Number) and Citizen Card credentials.

Key interactions for residents include registering as a contributor (mandatory for all workers), claiming unemployment benefits, applying for parental leave, and accessing the minimum income scheme (Rendimento Social de Inserção). Self-employed workers (trabalhadores independentes) must also make quarterly income declarations through the platform.

View full article on rtp.pt

RSS source