According to the Bank of Portugal, half of the pensions in the country are below the threshold of €462.
Half of pensions below €462, says Bank of Portugal

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.
RSS source
Other news coverage of this topic
- Half of elderly pensioners will receive a pension below 462 euros in 2024, says Bank of Portugal • RTP Notícias
- Half of pensioners received less than 462 euros per month • Observador
- People work 9 more years than in 2018 to access retirement, half of pensioners earn less than 462 euros • Diário de Notícias
- Half of old-age pensioners will receive less than 462 euros in 2024 • Correio da Manhã
- Most pensions will indeed increase by 2.8% in January • Observador









