Labor & Taxes
Social Security: "There is a mathematical problem of financial sustainability," warns coordinator of the study requested by the Government
A government-commissioned study concluded that the current funding sources of the contributory Social Security system are insufficient to cover long-term obligations. The report warns that without changes, the system faces a mathematical sustainability crisis.
Why it matters
This report highlights a systemic long-term risk to the state pension system, which may eventually lead to future policy changes regarding contribution rates or retirement benefits for anyone relying on the Portuguese Social Security system.Useful?
