Latest news and stories about pension reform in work in Portugal for expats and residents.
Jorge Bravo, coordinator of the Social Security reform working group, advocates for an individual accounts system, arguing it ensures rights while addressing systemic issues of justice and equity.
A government-appointed working group has determined that the Social Security system is in deficit, prompting proposals for structural reforms including new pension calculation models and increased reliance on supplementary savings.
Portugal’s CHEGA party has held a press conference today to say the party will propose in parliament that any worker should be able to retire after 40 years of contributions The post CHEGA prepares two ‘winning’ proposals for discussion in parliament appeared first on Portugal Resident.
It's time to transform retirement from an automatic closure of a cycle into a conscious, competent, and contributory choice.
In Portugal, individuals are now required to work an additional 9 years compared to 2018 in order to qualify for retirement benefits, with half of all pensioners receiving less than 462 euros per month.
The number of elderly pensioners who are still working has increased, with an additional 11,000 reported last year.
A meeting is scheduled for next Tuesday at five in the afternoon, taking place a day after the general strike. Also in this news, most pensions will indeed increase by 2.8% in January.
Pensions up to 1,045 euros will indeed increase by 2.8% at the beginning of 2026, as indicated by the preliminary figures from INE that confirmed the inflation trend for November.
Pensions were one of the hottest topics in the discussion of the State Budget for 2026. In the end, the Government's will prevailed: the regular update provided for by law will be applied, but not a permanent extraordinary increase, as the Government had advocated. The socialists have already warned, however, that this will jeopardise purchasing power...
The Social Security surplus rose to 5.4629 billion euros in the first 10 months of the year, compared to the same period last year, according to the budget execution summary.
Simplifying taxation and creating incentives are the main measures suggested by five experts interviewed by Expresso. We asked each for three ideas to help the country save more. Revitalising pension savings plans, reducing taxes, or investing in financial literacy are some of the proposals.
State spending on pensions currently accounts for 13% of GDP in Portugal.
The retirement age will increase to 66 years and 11 months for those retiring in 2027. Those who retire early in 2026 will face a reduction of 17.6%.
The retirement age will be set at 66 years and 11 months in 2027, according to calculations made by ECO based on average life expectancy data published this Thursday by the National Institute of Statistics (INE). This represents an increase of two months compared to the normal retirement age.
