Retirement age increases by two months, early pensions risk a 17.6% cut
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.
Cut to early pensions increases to 17.63% next year
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 [...]
