Economy
Social Security 'financial cushion' expected to reach 58.5 billion euros in 2027
The Social Security Financial Stabilization Fund (FEFSS) is projected to reach 58.5 billion euros by the end of 2027, covering over two and a half years of pension expenditures. The government also plans to update pensions according to the legal rate, implement an automatic contribution calculation system for all employers starting in January 2027, and digitize vacancy management for nursing homes.
Why it matters
If you are an employer or a pensioner in Portugal, note that automatic contribution calculations will extend to all employers from January 2027, and the government confirms its intention to continue adjusting pensions by the legal rate.Useful?
