Latest news and stories about pension reform in daily life in Portugal for expats and residents.
Mariana Leitão of the Liberal Initiative has proposed a pension system reform featuring an individual capitalisation component, aimed at supporting the middle class while criticising current government policies.
CNN Portugal commentator Francisco Rodrigues dos Santos criticizes the government's latest Social Security sustainability report, labeling it a diversionary tactic to mask broader policy failures.
The only secure 'pension' is the one we build with our own assets, the result of our work and private savings. The old social contract has ended.
Last year, retirees received an average pension of €652. In Lisbon, Setúbal, and Porto, pensions are above the average, while the rest of the country falls below. Workers are retiring with a pension equivalent to 84% of their net salary.
According to the Bank of Portugal, half of the pensions in the country are below the threshold of €462.
The majority of pensions in Portugal are set to rise by 2.77% in the upcoming year, providing financial relief to retirees.
The majority of pensions, which are up to 1,045 euros, are set to increase by 2.77% in January. The IAS is also expected to rise by 2.77% from the current 522.5 euros, reaching 536.97 euros.
Cuts to early retirement will worsen next year, rising to 17.63%.
In this episode, we summarise the main measures of the State Budget for 2026, which was approved today. We cover the increase in the retirement age and complaints about the support from the Environmental Fund. Internationally, Apple dethrones Samsung in mobile phone sales for the first time in 14 years.
The OECD report also indicates that state spending on pensions currently reaches 13% of GDP in Portugal, alongside countries such as Austria (14.8%), France (13.8%), and Finland (13.7%).
