New rules reduce pensions by 10%

A study shows that current pension calculation rules, introduced in 2002 and accelerated in 2007, result in average pensions 10% lower than those calculated under previous systems. The transition is gradual, based on the weighting of career contributions since 2001, with the full impact of these changes expected by 2041.

Why it matters

If you are planning your retirement in Portugal, be aware that pensions are now calculated based on your entire 40-year career rather than just the best years, which leads to lower average payouts for many individuals compared to previous formulas.

Correio da Manhã· 3mo agoRead original ↗

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