Latest news and stories about pension fund in Portugal for expats and residents.
An inquiry opened in 2013 is only now reaching trial. The prosecution describes a “spiral of ambition” that diverted one million euros from the public servants' pension fund. The defendants are aged between 66 and 90.
The Governor of the Bank of Portugal guarantees that “not a cent of taxpayers' money is being paid” to Centeno. The 10,000 euro monthly payment comes from the bank's own pension fund, he explains.
Former governor Mário Centeno will leave the Bank of Portugal through the retirement scheme under the existing pension fund at the central bank.
Former governor Mário Centeno will leave the Bank of Portugal through the retirement scheme under the central bank's existing pension fund, following an agreement between the two parties.
Banco de Portugal will eliminate the role of Board of Directors consultants. Mário Centeno, already in Miami for a new professional phase, was the first to agree to his departure, with an early retirement package improved and compensated by Banco de Portugal through the pension fund.
The Banco de Portugal pension fund that will pay for Mário Centeno's retirement has over 1.6 billion euros in financial assets, mostly invested in public debt, but also in real estate and stocks. These assets covered 105% of its liabilities to beneficiaries, a list that includes...
Centeno's departure from the central bank was reported last Friday.
Former governor Mário Centeno will leave the Bank of Portugal (BdP) through the retirement scheme under the central bank's existing pension fund, an official source told Lusa.
The Minister of Labour announced this Wednesday that €5.5 billion will be transferred to the Social Security Financial Stabilisation Fund (FEFSS), that is, to the so-called 'pension cushion'. In a parliamentary hearing, Maria do Rosário Palma Ramalho also said that, over the course of a year, three million fewer people used in-person service counters ...
The re-elected president, Victor Alves Coelho, announced a new extraordinary subsidy for pensioners.
The Lawyers and Solicitors' Pension Fund (CPAS) announced it will award a new extraordinary grant to pensioners later this year, as part of a broader package of social support measures. In his inauguration speech, Victor Alves Coelho, re-elected in November as president of the CPAS Board, emphasised the ambition of ...
