Labor & Taxes
Longevity pressures statutory retirement age
The government projects in the 2027 State Budget proposal that the statutory retirement age will reach 68 years and one month by 2050, up from 66 years and nine months currently. This adjustment follows projected increases in life expectancy at age 65, which is expected to approach nearly 90 for women and 85 for men by 2050, while old-age pension spending is anticipated to approach 34 billion euros.
Why it matters
If you are planning your retirement in Portugal, expect the official retirement age to rise gradually over the coming decades in line with increasing life expectancy.Correio da ManhãRead original ↗
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