Latest news and stories about pension in Portugal for expats and residents.
A legal advice column addressing whether social security contributions made in Portugal can be counted towards retirement in Brazil.
There is not 'a single cent from taxpayers', says the governor. Who pays into the fund?
Álvaro Santos Pereira highlighted that a pension was granted with a replacement rate, which measures the percentage of the final salary received in retirement, 'lower than the bank employees' average'.
The Governor of the Bank of Portugal declined to comment on Mário Centeno's early retirement. When questioned by RTP during a tsunami preparedness drill in Lisbon on Tuesday, March 24, Álvaro Santos Pereira stated that 'today is not the day' to discuss the matter, deferring questions about the institution until the following day, when the latest Economic Bulletin will be released. Mário Centeno is set to leave the central bank under a pension agreement, which has sparked controversy due to the estimated 10,000 euro gross monthly pension. Álvaro Santos Pereira is expected to address the issue before members of the Assembly of the Republic following a request from the Chega party.
The governor of the central bank, Álvaro Santos Pereira, says that “there is not a single cent of taxpayers' money” involved in Centeno's pension.
The Bank of Portugal will pay a 10,000 euro pension for Mário Centeno to retire from the institution early. Eduardo Teixeira, from the Chega party, presents the reasons that led the party to summon the current Governor of the Bank of Portugal to Parliament.
The request was approved by the PSD, CDS-PP, and Chega parties. The PS abstained.
The Bank of Portugal Governor, Álvaro Santos Pereira, will be heard in parliament regarding the retirement of his predecessor, Mário Centeno, at age 59. The hearing, requested by the Chega party, was unanimously approved by the Budget, Finance and Public Administration Committee. The inquiry focuses on the terms of Centeno's retirement pension, which reports suggest will amount to approximately 10,000 euros gross per month, following an agreement between the former governor and the central bank.
The Bank of Portugal continues to leave the exact and detailed terms of the agreement that led Mário Centeno to leave the institution and retire at 59 unclear. ECO revealed almost a week ago that the former governor signed an agreement that allowed him to leave the central bank, where he remained as a consultant...
Mário Centeno was a few months away from meeting one of the criteria that would have allowed him to request a 'normal' retirement at the Banco de Portugal, but the process was accelerated by the institution itself after it presented him with a proposal with immediate effect, as first reported by ECO. This meant that, instead of...
Mário Centeno's early retirement was agreed upon with Álvaro Santos Pereira and falls under the Banco de Portugal pension fund rules for employees hired before March 2009.
The trade union organisation CGTP‑IN today advised emigrants who receive disability, old-age and survivor's pensions to carry out proof-of-life checks within the established deadlines, as soon as possible, to avoid suspension of their pensions.
