The government has ruled out major structural changes to the state pension system, known as Segurança Social, during the current legislative term. Despite a new report from an expert group led by Jorge Bravo proposing automatic workplace pension enrollment and youth savings accounts, officials described the findings as a contribution to public debate rather than a roadmap for immediate policy reform.
Government rejects structural pension reform this term
Tuesday, 18 August 2026AI summary

Context & Explainers
Jorge Bravo is an economist and academic who leads the government-appointed expert group tasked with analyzing the sustainability of the social security (Segurança Social) system. His work focuses on pension reform and long-term financial stability for the national retirement framework.
11 sources
- Social Security: Working group advocates for occupational pensions with an opt-out optionrtp.pt ·
- “Grain-by-grain” retirement savings include youth accounts, special Savings Certificates, and reverse mortgagespublico.pt ·
- Social Security working group proposes retirement account for children and young peoplecmjornal.pt ·
- Portugal considers automatic workplace pensions to boost retirement incomePortugal Resident ·
- An “unprecedented attack”: the left criticises study and denies Social Security sustainability problemsexpresso.pt ·
- From a lack of “surprise” to “accounting tricks”: Parties react to the Social Security studyeco.sapo.pt ·
- Social Security. Study concludes that the system is in deficitrtp.pt ·
- Livre "squarely against" privatisation of Social Securityobservador.pt ·
- Interview with João Bravo, coordinator of the study on the sustainability of Social Security: "We do not want to create alarmism"cnnportugal.iol.pt ·
- Portugal: Social security workgroup backs automatic professional pensionsMacau Business ·
- Pension system faces a 1.9 billion euro deficitcmjornal.pt ·





