Latest news and stories about pension cuts in Portugal for expats and residents.
The change in the law is now starting to affect the calculation of pensions. In some cases, police officers will receive 200 euros less per month.
Pension cuts could exceed 30%.
Members of the security forces are demonstrating in Lisbon to oppose reductions to their pension benefits.
Those who leave the workforce early will face a 17.6% reduction in their pension next year. The legal retirement age will rise to 66 years and 11 months by 2027.
Anyone applying for early retirement next year will face a 17.63% cut due to the sustainability factor, according to calculations made by ECO based on average life expectancy data released this Thursday by the National Institute of Statistics (INE). This year's penalty was 16.93%. The sustainability factor [...]
